Short Interest in Defiance Daily Target 2X Long AVGO ETF (NASDAQ:AVGX) Drops By 68.6%

Defiance Daily Target 2X Long AVGO ETF (NASDAQ:AVGX) was the recipient of a significant decline in short interest in June. As of June 30th, there was short interest totaling 83,292 shares, a decline of 68.6% from the June 15th total of 264,974 shares. Based on an average daily trading volume, of 1,046,299 shares, the days-to-cover ratio is presently 0.1 days. Approximately 1.4% of the shares of the stock are short sold.

Defiance Daily Target 2X Long AVGO ETF Price Performance

Defiance Daily Target 2X Long AVGO ETF stock traded down $0.38 during midday trading on Friday, reaching $51.87. The company’s stock had a trading volume of 313,227 shares, compared to its average volume of 951,043. Defiance Daily Target 2X Long AVGO ETF has a fifty-two week low of $30.84 and a fifty-two week high of $84.80. The stock’s 50 day simple moving average is $56.01 and its 200 day simple moving average is $48.28.

Institutional Trading of Defiance Daily Target 2X Long AVGO ETF

An institutional investor recently bought a new position in Defiance Daily Target 2X Long AVGO ETF stock. Hollencrest Capital Management acquired a new position in shares of Defiance Daily Target 2X Long AVGO ETF (NASDAQ:AVGX) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,000 shares of the company’s stock, valued at approximately $47,000.

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.