Defiance Daily Target 2X Long AVGO ETF (NASDAQ:AVGX) Trading Down 3.6% – Here’s Why

Defiance Daily Target 2X Long AVGO ETF (NASDAQ:AVGX)’s stock price fell 3.6% on Friday . The stock traded as low as $37.90 and last traded at $39.33. 1,748,729 shares were traded during mid-day trading, an increase of 70% from the average session volume of 1,027,038 shares. The stock had previously closed at $40.78.

Defiance Daily Target 2X Long AVGO ETF Stock Performance

The company’s 50 day moving average is $51.45 and its 200-day moving average is $48.44.

Institutional Trading of Defiance Daily Target 2X Long AVGO ETF

An institutional investor recently bought a new position in Defiance Daily Target 2X Long AVGO ETF stock. Jump Financial LLC purchased a new position in shares of Defiance Daily Target 2X Long AVGO ETF (NASDAQ:AVGX) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 8,074 shares of the company’s stock, valued at approximately $289,000. Jump Financial LLC owned 0.36% of Defiance Daily Target 2X Long AVGO ETF as of its most recent filing with the SEC.

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.