Short Interest in Defiance Daily Target 2X Long LLY ETF (NYSEARCA:LLYX) Rises By 600.3%

Defiance Daily Target 2X Long LLY ETF (NYSEARCA:LLYX) was the recipient of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 252,647 shares, an increase of 600.3% from the May 14th total of 36,079 shares. Based on an average daily trading volume, of 413,217 shares, the short-interest ratio is presently 0.6 days. Currently, 6.2% of the company’s shares are sold short.

Defiance Daily Target 2X Long LLY ETF Price Performance

LLYX traded down $0.38 during midday trading on Wednesday, reaching $25.19. 325,660 shares of the company were exchanged, compared to its average volume of 482,696. Defiance Daily Target 2X Long LLY ETF has a one year low of $9.60 and a one year high of $28.44. The stock’s 50-day simple moving average is $19.47 and its 200 day simple moving average is $21.91.

Hedge Funds Weigh In On Defiance Daily Target 2X Long LLY ETF

A hedge fund recently bought a new stake in Defiance Daily Target 2X Long LLY ETF stock. Jump Financial LLC bought a new position in shares of Defiance Daily Target 2X Long LLY ETF (NYSEARCA:LLYX) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 9,186 shares of the company’s stock, valued at approximately $234,000. Jump Financial LLC owned about 0.54% of Defiance Daily Target 2X Long LLY ETF at the end of the most recent quarter.

About Defiance Daily Target 2X Long LLY ETF

The Defiance Daily Target 2X Long LLY ETF (LLYX) is an exchange-traded fund that mostly invests in health care equity. The fund seeks to provide 2x leveraged exposure to the daily share price movement of the Eli Lilly and Company (NYSE: LLY), less fees and expenses. LLYX was launched on Aug 7, 2024 and is issued by Defiance.