Defiance Daily Target 2X Long CVNA ETF (NASDAQ:CVNX) Short Interest Down 38.3% in May

Defiance Daily Target 2X Long CVNA ETF (NASDAQ:CVNX) saw a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 20,606 shares, a drop of 38.3% from the April 30th total of 33,407 shares. Based on an average daily volume of 48,855 shares, the short-interest ratio is presently 0.4 days. Approximately 9.4% of the shares of the stock are sold short.

Defiance Daily Target 2X Long CVNA ETF Price Performance

NASDAQ CVNX opened at $14.70 on Wednesday. Defiance Daily Target 2X Long CVNA ETF has a twelve month low of $9.27 and a twelve month high of $34.99. The business’s fifty day moving average is $15.17 and its 200 day moving average is $19.65.

Defiance Daily Target 2X Long CVNA ETF Company Profile

Tidal Trust II – Defiance Daily Target 2X Long CVNA ETF is an exchange traded fund launched and managed by Tidal Investments LLC. The fund invests in public equity markets. It invests through derivatives in stocks of companies operating across consumer discretionary, consumer discretionary distribution and retail and specialty retail sectors. The fund uses derivatives such as swaps and options to create its portfolio. It invests in growth and value stocks of companies across diversified market capitalization.