Defiance Large Cap ex-Mag 7 ETF (NASDAQ:XMAG) Short Interest Update

Defiance Large Cap ex-Mag 7 ETF (NASDAQ:XMAG) was the recipient of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 127,558 shares, a growth of 75.5% from the July 30th total of 72,662 shares. Currently, 2.0% of the shares of the company are sold short. Based on an average trading volume of 55,225 shares, the days-to-cover ratio is currently 2.3 days.

Defiance Large Cap ex-Mag 7 ETF Price Performance

XMAG stock opened at $25.70 on Wednesday. Defiance Large Cap ex-Mag 7 ETF has a 52-week low of $21.41 and a 52-week high of $26.92. The company has a 50-day moving average of $25.82 and a two-hundred day moving average of $24.45. The stock has a market capitalization of $167.82 million, a price-to-earnings ratio of 22.97 and a beta of 0.80.

Defiance Large Cap ex-Mag 7 ETF Company Profile

The Defiance Large Cap ex-Mag 7 ETF (XMAG) is an exchange-traded fund that is based on the BITA US 500 ex-Magnificent 7 index. The fund tracks an index that provides exposure to large-cap stocks in the US, excluding the seven largest technology stocks. The strategy aims to mitigate the overconcentration and volatility of a select few stocks XMAG was launched on Oct 21, 2024 and is issued by Defiance.