Defiance Daily Target 2X Long AVGO ETF (NASDAQ:AVGX) Short Interest Up 124.8% in August

Defiance Daily Target 2X Long AVGO ETF (NASDAQ:AVGX) saw a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 669,591 shares, a growth of 124.8% from the August 15th total of 297,827 shares. Based on an average daily volume of 612,226 shares, the short-interest ratio is presently 1.1 days. Currently, 15.0% of the company’s stock are short sold.

Defiance Daily Target 2X Long AVGO ETF Stock Performance

Shares of NASDAQ AVGX traded down $3.81 during midday trading on Monday, hitting $36.57. 321,416 shares of the company’s stock were exchanged, compared to its average volume of 878,608. Defiance Daily Target 2X Long AVGO ETF has a 12 month low of $30.84 and a 12 month high of $84.80. The company’s 50 day moving average price is $46.59 and its 200 day moving average price is $49.08.

Hedge Funds Weigh In On Defiance Daily Target 2X Long AVGO ETF

A hedge fund recently bought a new position in Defiance Daily Target 2X Long AVGO ETF stock. Hollencrest Capital Management acquired a new stake in Defiance Daily Target 2X Long AVGO ETF (NASDAQ:AVGX) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,000 shares of the company’s stock, valued at approximately $47,000.

Defiance Daily Target 2X Long AVGO ETF Company Profile

The Defiance Daily Target 2X Long AVGO ETF (AVGX) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to deliver 2x leveraged exposure to the daily share price movement of Broadcom Inc (AVGO), less fees and expenses, through derivatives like swap agreements AVGX was launched on Aug 21, 2024 and is issued by Defiance.