Defiance Daily Target 2X Long AVGO ETF (NASDAQ:AVGX) Short Interest Update

Defiance Daily Target 2X Long AVGO ETF (NASDAQ:AVGX) was the target of a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 219,610 shares, a drop of 57.2% from the April 15th total of 512,717 shares. Approximately 8.3% of the company’s shares are sold short. Based on an average daily trading volume, of 441,249 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Trading of Defiance Daily Target 2X Long AVGO ETF

A hedge fund recently bought a new stake in Defiance Daily Target 2X Long AVGO ETF stock. Hollencrest Capital Management bought a new stake in shares of Defiance Daily Target 2X Long AVGO ETF (NASDAQ:AVGX) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,000 shares of the company’s stock, valued at approximately $47,000.

Defiance Daily Target 2X Long AVGO ETF Stock Down 6.7%

NASDAQ AVGX traded down $4.55 during trading hours on Friday, reaching $63.29. The company’s stock had a trading volume of 318,503 shares, compared to its average volume of 788,945. The firm has a fifty day simple moving average of $48.97 and a 200-day simple moving average of $48.82. Defiance Daily Target 2X Long AVGO ETF has a 52 week low of $23.66 and a 52 week high of $70.31.

About Defiance Daily Target 2X Long AVGO ETF

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.