Short Interest in Defiance Large Cap ex-Mag 7 ETF (NASDAQ:XMAG) Expands By 177.7%

Defiance Large Cap ex-Mag 7 ETF (NASDAQ:XMAG) was the target of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 138,677 shares, a growth of 177.7% from the June 15th total of 49,935 shares. Currently, 2.0% of the shares of the stock are short sold. Based on an average trading volume of 152,950 shares, the days-to-cover ratio is currently 0.9 days.

Defiance Large Cap ex-Mag 7 ETF Trading Down 0.7%

Shares of Defiance Large Cap ex-Mag 7 ETF stock traded down $0.19 on Wednesday, reaching $25.49. 17,841 shares of the company were exchanged, compared to its average volume of 67,363. Defiance Large Cap ex-Mag 7 ETF has a fifty-two week low of $20.86 and a fifty-two week high of $26.10. The firm has a market capitalization of $179.19 million, a price-to-earnings ratio of 22.97 and a beta of 0.78. The stock has a fifty day moving average price of $25.15 and a 200-day moving average price of $23.74.

About Defiance Large Cap ex-Mag 7 ETF

The Defiance Large Cap ex-Mag 7 ETF (XMAG) is an exchange-traded fund that is based on the BITA US 500 ex-Magnificent 7 index. The fund tracks an index that provides exposure to large-cap stocks in the US, excluding the seven largest technology stocks. The strategy aims to mitigate the overconcentration and volatility of a select few stocks XMAG was launched on Oct 21, 2024 and is issued by Defiance.