Short Interest in Defiance Daily Target 2X Long AVGO ETF (NASDAQ:AVGX) Increases By 235.6%

Defiance Daily Target 2X Long AVGO ETF (NASDAQ:AVGX) was the target of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 247,439 shares, a growth of 235.6% from the July 15th total of 73,721 shares. Based on an average trading volume of 433,196 shares, the days-to-cover ratio is presently 0.6 days. Approximately 5.5% of the company’s shares are sold short.

Defiance Daily Target 2X Long AVGO ETF Trading Up 3.1%

Defiance Daily Target 2X Long AVGO ETF stock traded up $1.68 during midday trading on Thursday, reaching $56.30. The stock had a trading volume of 264,820 shares, compared to its average volume of 869,305. The firm’s fifty day simple moving average is $49.38 and its two-hundred day simple moving average is $48.87. Defiance Daily Target 2X Long AVGO ETF has a twelve month low of $30.84 and a twelve month high of $84.80.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Defiance Daily Target 2X Long AVGO ETF stock. Jump Financial LLC bought a new stake in shares of Defiance Daily Target 2X Long AVGO ETF (NASDAQ:AVGX) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 8,074 shares of the company’s stock, valued at approximately $289,000. Jump Financial LLC owned approximately 0.36% of Defiance Daily Target 2X Long AVGO ETF at the end of the most recent reporting period.

About Defiance Daily Target 2X Long AVGO ETF

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.