Defiance Daily Target 2X Long ANET ETF (NASDAQ:ANEL) Sees Large Decrease in Short Interest

Defiance Daily Target 2X Long ANET ETF (NASDAQ:ANEL) was the target of a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 7,904 shares, a drop of 95.1% from the August 31st total of 160,087 shares. Based on an average daily trading volume, of 33,737 shares, the short-interest ratio is presently 0.2 days. Approximately 1.3% of the company’s stock are short sold.

Defiance Daily Target 2X Long ANET ETF Stock Up 2.6%

Shares of ANEL stock traded up $0.72 during midday trading on Thursday, reaching $28.13. 24,870 shares of the stock were exchanged, compared to its average volume of 148,464. Defiance Daily Target 2X Long ANET ETF has a 1 year low of $11.38 and a 1 year high of $31.74. The company’s 50 day moving average is $24.83 and its two-hundred day moving average is $20.99.

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.