Short Interest in Defiance Daily Target 2X Long AVGO ETF (NASDAQ:AVGX) Rises By 124.8%

Defiance Daily Target 2X Long AVGO ETF (NASDAQ:AVGX) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 669,591 shares, an increase of 124.8% from the August 15th total of 297,827 shares. Based on an average daily volume of 612,226 shares, the short-interest ratio is presently 1.1 days. Currently, 15.0% of the company’s shares are sold short.

Institutional Trading of Defiance Daily Target 2X Long AVGO ETF

A hedge fund recently bought a new stake in Defiance Daily Target 2X Long AVGO ETF stock. Jump Financial LLC acquired a new position in shares of Defiance Daily Target 2X Long AVGO ETF (NASDAQ:AVGX) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 8,074 shares of the company’s stock, valued at approximately $289,000. Jump Financial LLC owned about 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 Stock Performance

Shares of Defiance Daily Target 2X Long AVGO ETF stock traded down $3.81 on Monday, hitting $36.57. 321,416 shares of the company’s stock traded hands, compared to its average volume of 878,608. The firm’s 50-day moving average price is $46.59 and its two-hundred day moving average price is $49.08. Defiance Daily Target 2X Long AVGO ETF has a one year low of $30.84 and a one year high of $84.80.

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.