Defiance Daily Target 2X Long AVGO ETF Sees Unusually High Options Volume (NASDAQ:AVGX)

Defiance Daily Target 2X Long AVGO ETF (NASDAQ:AVGX) was the target of unusually large options trading activity on Tuesday. Stock investors acquired 2,303 put options on the company. This represents an increase of 136% compared to the average daily volume of 974 put options.

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

A hedge fund recently bought a new stake in Defiance Daily Target 2X Long AVGO ETF stock. Hollencrest Capital Management bought a new stake in shares of Defiance Daily Target 2X Long AVGO ETF (NASDAQ:AVGX) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 1,000 shares of the company’s stock, valued at approximately $47,000.

Defiance Daily Target 2X Long AVGO ETF Stock Performance

NASDAQ:AVGX traded down $1.64 during midday trading on Tuesday, reaching $49.15. The stock had a trading volume of 391,320 shares, compared to its average volume of 959,746. Defiance Daily Target 2X Long AVGO ETF has a 1-year low of $30.84 and a 1-year high of $84.80. The firm’s fifty day simple moving average is $59.22 and its 200-day simple moving average is $49.18.

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.