Defiance Daily Target 2X Long RKLB ETF (NASDAQ:RKLX) Shares Down 0.8% – Time to Sell?

Defiance Daily Target 2X Long RKLB ETF (NASDAQ:RKLX) shares traded down 0.8% during mid-day trading on Tuesday . The company traded as low as $31.05 and last traded at $34.28. 1,163,155 shares were traded during mid-day trading, a decline of 47% from the average session volume of 2,187,223 shares. The stock had previously closed at $34.57.

Defiance Daily Target 2X Long RKLB ETF Price Performance

The stock’s 50-day moving average price is $48.53 and its two-hundred day moving average price is $38.02.

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

An institutional investor recently bought a new position in Defiance Daily Target 2X Long RKLB ETF stock. Hollencrest Capital Management purchased a new position in Defiance Daily Target 2X Long RKLB ETF (NASDAQ:RKLX) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 645 shares of the company’s stock, valued at approximately $26,000.

Defiance Daily Target 2X Long RKLB ETF Company Profile

The Defiance Daily Target 2X Long RKLB ETF (RKLX) is an exchange-traded fund that mostly invests in industrials equity. The fund aims to provide 2x long daily price performance of Rocket Lab USA, Inc shares, less fees and expenses, through the use of swap contracts RKLX was launched on Mar 12, 2025 and is issued by Defiance.