Defiance Daily Target 2X Long NVO ETF (NYSEARCA:NVOX) Short Interest Update

Defiance Daily Target 2X Long NVO ETF (NYSEARCA:NVOX) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 383,411 shares, an increase of 820.0% from the June 30th total of 41,675 shares. Currently, 15.3% of the company’s stock are sold short. Based on an average daily trading volume, of 266,888 shares, the short-interest ratio is currently 1.4 days.

Defiance Daily Target 2X Long NVO ETF Price Performance

Shares of NYSEARCA NVOX traded up $0.40 during midday trading on Friday, reaching $16.37. The company’s stock had a trading volume of 165,030 shares, compared to its average volume of 835,674. Defiance Daily Target 2X Long NVO ETF has a 12-month low of $9.23 and a 12-month high of $54.08. The firm has a 50 day moving average price of $15.19 and a 200-day moving average price of $16.10.

About Defiance Daily Target 2X Long NVO ETF

The Defiance Daily Target 2X Long NVO ETF (NVOX) is an exchange-traded fund that mostly invests in health care equity. The fund seeks to deliver 2x leveraged exposure to the daily share price movement of NOVO Nordisk A/S – ADR (NVO), less fees and expenses, through derivatives like swap agreements. NVOX was launched on Dec 2, 2024 and is issued by Defiance.