Defiance Daily Target 2X Long NVO ETF (NYSEARCA:NVOX) Short Interest Up 820.0% in July

Defiance Daily Target 2X Long NVO ETF (NYSEARCA:NVOX) was the recipient of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 383,411 shares, a growth of 820.0% from the June 30th total of 41,675 shares. Based on an average trading volume of 266,888 shares, the short-interest ratio is currently 1.4 days. Approximately 15.3% of the shares of the stock are sold short.

Defiance Daily Target 2X Long NVO ETF Stock Performance

NYSEARCA:NVOX opened at $16.37 on Monday. Defiance Daily Target 2X Long NVO ETF has a 1 year low of $9.23 and a 1 year high of $54.08. The stock has a fifty day moving average price of $15.19 and a two-hundred day moving average price of $16.03.

About Defiance Daily Target 2X Long NVO ETF

The Defiance Daily Target 2X Long NVO ETF (NVOX) is an exchange-traded fund that mostly invests in health care equity. The fund seeks to deliver 2x leveraged exposure to the daily share price movement of NOVO Nordisk A/S – ADR (NVO), less fees and expenses, through derivatives like swap agreements. NVOX was launched on Dec 2, 2024 and is issued by Defiance.