Defiance Daily Target 2X Long ORCL ETF (NASDAQ:ORCX) Trading 6.7% Higher – Here’s What Happened

Defiance Daily Target 2X Long ORCL ETF (NASDAQ:ORCX)’s share price shot up 6.7% during mid-day trading on Tuesday . The company traded as high as $9.17 and last traded at $9.10. 5,490,836 shares traded hands during mid-day trading, a decline of 6% from the average session volume of 5,852,406 shares. The stock had previously closed at $8.53.

Defiance Daily Target 2X Long ORCL ETF Price Performance

The stock’s 50-day moving average is $14.08 and its 200 day moving average is $26.50. The company has a market cap of $165.07 million, a PE ratio of 35.86 and a beta of 16.41.

Institutional Inflows and Outflows

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

About Defiance Daily Target 2X Long ORCL ETF

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.