Defiance Daily Target 2X Long AVGO ETF (NASDAQ:AVGX) Short Interest Up 235.6% in July

Defiance Daily Target 2X Long AVGO ETF (NASDAQ:AVGX) saw a large growth in short interest in July. As of July 31st, there was short interest totaling 247,439 shares, a growth of 235.6% from the July 15th total of 73,721 shares. Based on an average daily trading volume, of 433,196 shares, the short-interest ratio is presently 0.6 days. Currently, 5.5% of the company’s stock are sold short.

Hedge Funds Weigh In On Defiance Daily Target 2X Long AVGO ETF

A hedge fund recently bought a new stake in Defiance Daily Target 2X Long AVGO ETF stock. Hollencrest Capital Management bought a new position in Defiance Daily Target 2X Long AVGO ETF (NASDAQ:AVGX) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 1,000 shares of the company’s stock, valued at approximately $47,000.

Defiance Daily Target 2X Long AVGO ETF Trading Down 11.4%

Defiance Daily Target 2X Long AVGO ETF stock traded down $6.28 during midday trading on Friday, reaching $48.85. The company’s stock had a trading volume of 671,710 shares, compared to its average volume of 868,788. The stock’s 50-day simple moving average is $49.30 and its 200-day simple moving average is $48.98. Defiance Daily Target 2X Long AVGO ETF has a 52-week low of $30.84 and a 52-week high of $84.80.

About Defiance Daily Target 2X Long AVGO ETF

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.