Defiance Large Cap ex-Mag 7 ETF (NASDAQ:XMAG) Short Interest Update

Defiance Large Cap ex-Mag 7 ETF (NASDAQ:XMAG) was the recipient of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 138,677 shares, a growth of 177.7% from the June 15th total of 49,935 shares. Currently, 2.0% of the shares of the company are sold short. Based on an average daily volume of 152,950 shares, the days-to-cover ratio is currently 0.9 days.

Defiance Large Cap ex-Mag 7 ETF Stock Down 0.7%

XMAG stock traded down $0.19 during midday trading on Monday, hitting $25.60. 72,817 shares of the company traded hands, compared to its average volume of 67,742. Defiance Large Cap ex-Mag 7 ETF has a twelve month low of $20.86 and a twelve month high of $26.10. The stock has a market capitalization of $179.20 million, a price-to-earnings ratio of 22.97 and a beta of 0.78. The business has a 50 day simple moving average of $25.09 and a 200-day simple moving average of $23.70.

About Defiance Large Cap ex-Mag 7 ETF

The Defiance Large Cap ex-Mag 7 ETF (XMAG) is an exchange-traded fund that is based on the BITA US 500 ex-Magnificent 7 index. The fund tracks an index that provides exposure to large-cap stocks in the US, excluding the seven largest technology stocks. The strategy aims to mitigate the overconcentration and volatility of a select few stocks XMAG was launched on Oct 21, 2024 and is issued by Defiance.