Defiance Daily Target 2X Long NVO ETF (NYSEARCA:NVOX – Get Free Report) was the target of a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 187,173 shares, a drop of 70.0% from the September 30th total of 624,282 shares. Based on an average trading volume of 514,682 shares, the days-to-cover ratio is presently 0.4 days. Approximately 4.7% of the company’s shares are sold short.
Defiance Daily Target 2X Long NVO ETF Stock Performance
Shares of NYSEARCA NVOX opened at $9.65 on Wednesday. The firm has a 50 day moving average price of $11.59 and a 200 day moving average price of $14.70. Defiance Daily Target 2X Long NVO ETF has a 52-week low of $8.87 and a 52-week high of $33.81.
Defiance Daily Target 2X Long NVO ETF Company Profile
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.
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