Defiance Large Cap ex-Mag 7 ETF (NASDAQ:XMAG – Get Free Report) saw a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 111,710 shares, a decline of 38.4% from the September 30th total of 181,399 shares. Based on an average daily trading volume, of 43,803 shares, the days-to-cover ratio is currently 2.6 days. Currently, 1.4% of the company’s shares are short sold.
Institutional Investors Weigh In On Defiance Large Cap ex-Mag 7 ETF
A hedge fund recently bought a new position in Defiance Large Cap ex-Mag 7 ETF stock. Steel Grove Capital Advisors LLC acquired a new stake in shares of Defiance Large Cap ex-Mag 7 ETF (NASDAQ:XMAG – Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 36,875 shares of the company’s stock, valued at approximately $936,000. Steel Grove Capital Advisors LLC owned 0.48% of Defiance Large Cap ex-Mag 7 ETF at the end of the most recent quarter.
Defiance Large Cap ex-Mag 7 ETF Trading Up 0.3%
Shares of XMAG stock traded up $0.09 during trading hours on Monday, reaching $25.80. The company’s stock had a trading volume of 50,212 shares, compared to its average volume of 68,076. The stock has a market capitalization of $202.57 million, a P/E ratio of 22.97 and a beta of 0.81. The firm’s fifty day simple moving average is $25.78 and its 200 day simple moving average is $24.57. Defiance Large Cap ex-Mag 7 ETF has a one year low of $21.57 and a one year high of $26.92.
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.
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