Defiance Daily Target 2X Long AVGO ETF (NASDAQ:AVGX) Stock Price Down 15.7% – Should You Sell?

Defiance Daily Target 2X Long AVGO ETF (NASDAQ:AVGX) dropped 15.7% on Friday . The stock traded as low as $50.00 and last traded at $50.00. Approximately 3,439,442 shares changed hands during trading, an increase of 273% from the average daily volume of 922,226 shares. The stock had previously closed at $59.32.

Defiance Daily Target 2X Long AVGO ETF Stock Performance

The company has a 50 day moving average of $56.21 and a 200-day moving average of $49.74.

Institutional Trading of Defiance Daily Target 2X Long AVGO ETF

A hedge fund recently bought a new stake in Defiance Daily Target 2X Long AVGO ETF stock. Jump Financial LLC bought a new position in Defiance Daily Target 2X Long AVGO ETF (NASDAQ:AVGX) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm 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 quarter.

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.