Defiance Daily Target 2X Long ANET ETF (NASDAQ:ANEL) Sees Large Growth in Short Interest

Defiance Daily Target 2X Long ANET ETF (NASDAQ:ANEL) was the target of a large increase in short interest in August. As of August 31st, there was short interest totaling 160,087 shares, an increase of 118.1% from the August 15th total of 73,389 shares. Based on an average daily trading volume, of 52,650 shares, the short-interest ratio is currently 3.0 days. Approximately 30.8% of the company’s stock are sold short.

Defiance Daily Target 2X Long ANET ETF Trading Down 12.0%

Shares of NASDAQ ANEL traded down $3.21 during mid-day trading on Monday, reaching $23.54. The company had a trading volume of 20,412 shares, compared to its average volume of 153,180. The firm has a 50 day simple moving average of $24.14 and a two-hundred day simple moving average of $20.27. Defiance Daily Target 2X Long ANET ETF has a 52-week low of $11.38 and a 52-week high of $31.74.

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.