Defiance Large Cap ex-Mag 7 ETF (NASDAQ:XMAG) Sees Significant Decline in Short Interest

Defiance Large Cap ex-Mag 7 ETF (NASDAQ:XMAG) was the target of a significant decrease in short interest in July. As of July 31st, there was short interest totaling 72,662 shares, a decrease of 40.0% from the July 15th total of 121,132 shares. Based on an average trading volume of 113,274 shares, the short-interest ratio is presently 0.6 days. Currently, 1.1% of the shares of the company are short sold.

Defiance Large Cap ex-Mag 7 ETF Price Performance

Shares of XMAG opened at $26.46 on Tuesday. The firm has a 50 day simple moving average of $25.67 and a two-hundred day simple moving average of $24.22. Defiance Large Cap ex-Mag 7 ETF has a one year low of $21.36 and a one year high of $26.92. The company has a market cap of $172.78 million, a P/E ratio of 22.97 and a beta of 0.80.

About Defiance Large Cap ex-Mag 7 ETF

The Defiance Large Cap ex-Mag 7 ETF (XMAG) is an exchange-traded fund that is based on the BITA US 500 ex-Magnificent 7 index. The fund tracks an index that provides exposure to large-cap stocks in the US, excluding the seven largest technology stocks. The strategy aims to mitigate the overconcentration and volatility of a select few stocks XMAG was launched on Oct 21, 2024 and is issued by Defiance.