Defiance Daily Target 2X Long ORCL ETF (NASDAQ:ORCX) Shares Down 3.3% – What’s Next?

Defiance Daily Target 2X Long ORCL ETF (NASDAQ:ORCX)’s stock price traded down 3.3% on Thursday . The stock traded as low as $15.65 and last traded at $16.27. 2,740,393 shares were traded during trading, a decline of 17% from the average session volume of 3,299,072 shares. The stock had previously closed at $16.83.

Defiance Daily Target 2X Long ORCL ETF Stock Performance

The business has a fifty day simple moving average of $20.90 and a 200 day simple moving average of $31.17. The stock has a market capitalization of $277.08 million, a price-to-earnings ratio of 35.86 and a beta of 16.41.

Hedge Funds Weigh In On Defiance Daily Target 2X Long ORCL ETF

An institutional investor recently bought a new position in Defiance Daily Target 2X Long ORCL ETF stock. Flow Traders U.S. LLC purchased a new position in shares of Defiance Daily Target 2X Long ORCL ETF (NASDAQ:ORCX) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 15,453 shares of the company’s stock, valued at approximately $615,000. Flow Traders U.S. LLC owned 0.23% of Defiance Daily Target 2X Long ORCL ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Defiance Daily Target 2X Long ORCL ETF Company Profile

The Defiance Daily Target 2X Long ORCL ETF (ORCX) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to deliver 2x leveraged exposure to the daily share price movement of Oracle Corporation (ORCL), less fees and expenses, through derivatives like swap agreements. ORCX was launched on Feb 6, 2025 and is issued by Defiance.