Defiance Daily Target 2X Long ANET ETF (NASDAQ:ANEL) Short Interest Up 350.1% in July

Defiance Daily Target 2X Long ANET ETF (NASDAQ:ANEL) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 97,969 shares, an increase of 350.1% from the June 30th total of 21,764 shares. Approximately 18.1% of the shares of the company are sold short. Based on an average daily trading volume, of 199,389 shares, the short-interest ratio is presently 0.5 days.

Defiance Daily Target 2X Long ANET ETF Price Performance

ANEL stock traded down $1.85 on Monday, hitting $19.70. The company’s stock had a trading volume of 11,490 shares, compared to its average volume of 169,676. Defiance Daily Target 2X Long ANET ETF has a 1 year low of $11.38 and a 1 year high of $26.97. The firm’s 50 day simple moving average is $20.34.

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.