Defiance Daily Target 2X Long CVNA ETF (NASDAQ:CVNX) Sees Significant Growth in Short Interest

Defiance Daily Target 2X Long CVNA ETF (NASDAQ:CVNX) saw a significant increase in short interest in April. As of April 30th, there was short interest totaling 33,407 shares, an increase of 78.2% from the April 15th total of 18,744 shares. Approximately 15.2% of the shares of the stock are short sold. Based on an average trading volume of 41,600 shares, the short-interest ratio is currently 0.8 days.

Defiance Daily Target 2X Long CVNA ETF Price Performance

Shares of NASDAQ:CVNX opened at $13.41 on Monday. The company has a 50 day moving average of $14.83 and a 200 day moving average of $19.85. Defiance Daily Target 2X Long CVNA ETF has a 12 month low of $9.27 and a 12 month high of $34.99.

About Defiance Daily Target 2X Long CVNA ETF

Tidal Trust II – Defiance Daily Target 2X Long CVNA ETF is an exchange traded fund launched and managed by Tidal Investments LLC. The fund invests in public equity markets. It invests through derivatives in stocks of companies operating across consumer discretionary, consumer discretionary distribution and retail and specialty retail sectors. The fund uses derivatives such as swaps and options to create its portfolio. It invests in growth and value stocks of companies across diversified market capitalization.