Short Interest in Defiance Daily Target 2X Long AVGO ETF (NASDAQ:AVGX) Declines By 68.6%

Defiance Daily Target 2X Long AVGO ETF (NASDAQ:AVGX) saw a large decrease in short interest in the month of 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 days-to-cover ratio is currently 0.1 days. Approximately 1.4% of the company’s stock are sold short.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Defiance Daily Target 2X Long AVGO ETF stock. Hollencrest Capital Management acquired a new stake in Defiance Daily Target 2X Long AVGO ETF (NASDAQ:AVGX) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,000 shares of the company’s stock, valued at approximately $47,000.

Defiance Daily Target 2X Long AVGO ETF Trading Down 4.4%

Shares of AVGX traded down $2.30 during mid-day trading on Monday, reaching $49.57. The company’s stock had a trading volume of 214,166 shares, compared to its average volume of 945,363. Defiance Daily Target 2X Long AVGO ETF has a 12-month low of $30.84 and a 12-month high of $84.80. The company’s 50 day moving average is $56.01 and its 200 day moving average is $48.30.

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.