Short Interest in Defiance Daily Target 2X Long AVGO ETF (NASDAQ:AVGX) Increases By 124.8%

Defiance Daily Target 2X Long AVGO ETF (NASDAQ:AVGX) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 669,591 shares, a growth of 124.8% from the August 15th total of 297,827 shares. Currently, 15.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 612,226 shares, the short-interest ratio is presently 1.1 days.

Defiance Daily Target 2X Long AVGO ETF Stock Down 3.2%

NASDAQ AVGX opened at $35.43 on Wednesday. Defiance Daily Target 2X Long AVGO ETF has a 52-week low of $30.84 and a 52-week high of $84.80. The company has a fifty day moving average of $46.22 and a 200-day moving average of $49.02.

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.