Defiance Daily Target 2X Long AVGO ETF (NASDAQ:AVGX) Sees Large Decline in Short Interest

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

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. Jump Financial LLC acquired a new stake in Defiance Daily Target 2X Long AVGO ETF (NASDAQ:AVGX) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 8,074 shares of the company’s stock, valued at approximately $289,000. Jump Financial LLC owned 0.36% of Defiance Daily Target 2X Long AVGO ETF at the end of the most recent reporting period.

Defiance Daily Target 2X Long AVGO ETF Price Performance

NASDAQ:AVGX opened at $47.80 on Tuesday. Defiance Daily Target 2X Long AVGO ETF has a 1-year low of $30.84 and a 1-year high of $84.80. The firm has a fifty day simple moving average of $55.73 and a 200 day simple moving average of $48.29.

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.