Defiance Daily Target 2X Long AVGO ETF (NASDAQ:AVGX) Stock Price Up 1.3% – Should You Buy?

Defiance Daily Target 2X Long AVGO ETF (NASDAQ:AVGX)’s stock price shot up 1.3% on Monday . The stock traded as high as $49.06 and last traded at $48.98. 467,824 shares traded hands during trading, a decline of 48% from the average session volume of 895,951 shares. The stock had previously closed at $48.37.

Defiance Daily Target 2X Long AVGO ETF Price Performance

The firm has a 50-day moving average price of $51.12 and a 200-day moving average price of $48.38.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Defiance Daily Target 2X Long AVGO ETF stock. Jump Financial LLC bought a new position in Defiance Daily Target 2X Long AVGO ETF (NASDAQ:AVGX) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,074 shares of the company’s stock, valued at approximately $289,000. Jump Financial LLC owned approximately 0.36% of Defiance Daily Target 2X Long AVGO ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

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.