Defiance Daily Target 2X Long ANET ETF (NASDAQ:ANEL) Sees Large Decline in Short Interest

Defiance Daily Target 2X Long ANET ETF (NASDAQ:ANEL) was the target of a large drop in short interest in September. As of September 15th, there was short interest totaling 7,904 shares, a drop of 95.1% from the August 31st total of 160,087 shares. Approximately 1.3% of the company’s stock are sold short. Based on an average daily volume of 33,737 shares, the short-interest ratio is presently 0.2 days.

Defiance Daily Target 2X Long ANET ETF Stock Up 2.6%

Shares of ANEL stock traded up $0.72 during mid-day trading on Thursday, hitting $28.13. The company’s stock had a trading volume of 24,870 shares, compared to its average volume of 148,464. Defiance Daily Target 2X Long ANET ETF has a 52-week low of $11.38 and a 52-week high of $31.74. The business has a 50-day moving average price of $24.83 and a 200 day moving average price of $20.99.

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.