Defiance Daily Target 2X Long ANET ETF (NASDAQ:ANEL) Short Interest Down 51.5% in July

Defiance Daily Target 2X Long ANET ETF (NASDAQ:ANEL) was the recipient of a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 47,481 shares, a drop of 51.5% from the July 15th total of 97,969 shares. Based on an average trading volume of 52,410 shares, the days-to-cover ratio is presently 0.9 days. Currently, 9.1% of the shares of the company are sold short.

Defiance Daily Target 2X Long ANET ETF Price Performance

NASDAQ:ANEL traded up $0.34 during midday trading on Monday, hitting $27.64. 101,956 shares of the stock were exchanged, compared to its average volume of 166,890. Defiance Daily Target 2X Long ANET ETF has a one year low of $11.38 and a one year high of $31.74. The company’s 50-day moving average price is $22.01.

Anellotech, Inc is a clean-technology company that develops and commercializes processes to produce renewable chemicals from non-food biomass. The company’s core focus is on delivering bio-based aromatic hydrocarbons — including benzene, toluene and xylene (BTX) — that can be used as drop-in replacements for petrochemical feedstocks in the production of plastics, nylons and other industrial chemicals. Anellotech positions its offerings toward customers looking for lower-carbon alternatives to conventional petroleum-derived chemicals.

At the center of Anellotech’s business is a proprietary catalytic fast pyrolysis (CFP) approach that thermally converts lignocellulosic biomass and other non-food feedstocks into an aromatic-rich vapour stream, which is then catalytically upgraded to produce target molecules.