Short Interest in Defiance Daily Target 2X Long ANET ETF (NASDAQ:ANEL) Expands By 118.1%

Defiance Daily Target 2X Long ANET ETF (NASDAQ:ANEL) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 160,087 shares, a growth of 118.1% from the August 15th total of 73,389 shares. Based on an average daily volume of 52,650 shares, the days-to-cover ratio is presently 3.0 days. Approximately 30.8% of the shares of the stock are sold short.

Defiance Daily Target 2X Long ANET ETF Price Performance

Shares of NASDAQ:ANEL traded up $1.38 during mid-day trading on Tuesday, reaching $24.89. The stock had a trading volume of 34,489 shares, compared to its average volume of 152,644. The business’s 50 day moving average price is $24.17 and its 200 day moving average price is $20.33. Defiance Daily Target 2X Long ANET ETF has a 1 year low of $11.38 and a 1 year high of $31.74.

Anellotech, Inc is a clean-technology company that develops and commercializes processes to produce renewable chemicals from non-food biomass. The company’s core focus is on delivering bio-based aromatic hydrocarbons — including benzene, toluene and xylene (BTX) — that can be used as drop-in replacements for petrochemical feedstocks in the production of plastics, nylons and other industrial chemicals. Anellotech positions its offerings toward customers looking for lower-carbon alternatives to conventional petroleum-derived chemicals.

At the center of Anellotech’s business is a proprietary catalytic fast pyrolysis (CFP) approach that thermally converts lignocellulosic biomass and other non-food feedstocks into an aromatic-rich vapour stream, which is then catalytically upgraded to produce target molecules.