Short Interest in Defiance Daily Target 2X Long AVGO ETF (NASDAQ:AVGX) Drops By 68.6%

Defiance Daily Target 2X Long AVGO ETF (NASDAQ:AVGX) was the target of a large decline in short interest in June. As of June 30th, there was short interest totaling 83,292 shares, a decline of 68.6% from the June 15th total of 264,974 shares. Currently, 1.4% of the shares of the stock are short sold. Based on an average trading volume of 1,046,299 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of Defiance Daily Target 2X Long AVGO ETF

A hedge fund recently bought a new position in Defiance Daily Target 2X Long AVGO ETF stock. Hollencrest Capital Management acquired a new stake in Defiance Daily Target 2X Long AVGO ETF (NASDAQ:AVGX) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,000 shares of the company’s stock, valued at approximately $47,000.

Defiance Daily Target 2X Long AVGO ETF Stock Performance

Shares of AVGX traded down $0.38 on Friday, reaching $51.87. The stock had a trading volume of 313,227 shares, compared to its average volume of 951,043. Defiance Daily Target 2X Long AVGO ETF has a twelve month low of $30.84 and a twelve month high of $84.80. The firm has a 50-day moving average of $56.01 and a 200 day moving average of $48.28.

Defiance Daily Target 2X Long AVGO ETF Company Profile

The Defiance Daily Target 2X Long AVGO ETF (AVGX) 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 Broadcom Inc (AVGO), less fees and expenses, through derivatives like swap agreements AVGX was launched on Aug 21, 2024 and is issued by Defiance.