Short Interest in Defiance Daily Target 2X Long AVGO ETF (NASDAQ:AVGX) Declines By 57.2%

Defiance Daily Target 2X Long AVGO ETF (NASDAQ:AVGX) was the target of a large decrease in short interest in April. As of April 30th, there was short interest totaling 219,610 shares, a decrease of 57.2% from the April 15th total of 512,717 shares. Approximately 8.3% of the company’s shares are short sold. Based on an average trading volume of 441,249 shares, the short-interest ratio is presently 0.5 days.

Defiance Daily Target 2X Long AVGO ETF Price Performance

AVGX stock traded down $4.92 during mid-day trading on Friday, reaching $62.92. The company had a trading volume of 204,228 shares, compared to its average volume of 787,421. Defiance Daily Target 2X Long AVGO ETF has a 12 month low of $23.66 and a 12 month high of $70.31. The firm has a 50 day moving average of $48.45 and a 200 day moving average of $48.71.

Institutional Investors Weigh In On Defiance Daily Target 2X Long AVGO ETF

A hedge fund recently bought a new stake in Defiance Daily Target 2X Long AVGO ETF stock. Hollencrest Capital Management purchased a new position in Defiance Daily Target 2X Long AVGO ETF (NASDAQ:AVGX) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,000 shares of the company’s stock, valued at approximately $47,000.

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.