Defiance Daily Target 2X Long ANET ETF (NASDAQ:ANEL) Short Interest Update

Defiance Daily Target 2X Long ANET ETF (NASDAQ:ANEL) was the recipient of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 21,764 shares, a drop of 77.4% from the June 15th total of 96,120 shares. Based on an average daily volume of 118,036 shares, the days-to-cover ratio is presently 0.2 days. Approximately 2.6% of the company’s shares are sold short.

Defiance Daily Target 2X Long ANET ETF Price Performance

Shares of ANEL traded down $1.61 during trading hours on Monday, hitting $23.62. The stock had a trading volume of 200,081 shares, compared to its average volume of 177,308. Defiance Daily Target 2X Long ANET ETF has a 1-year low of $11.38 and a 1-year high of $26.97. The business’s 50 day moving average is $19.52.

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.