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

Defiance Large Cap ex-Mag 7 ETF (NASDAQ:XMAG) was the target of a significant decline in short interest in October. As of October 15th, there was short interest totaling 111,710 shares, a decline of 38.4% from the September 30th total of 181,399 shares. Based on an average daily volume of 43,803 shares, the short-interest ratio is presently 2.6 days. Approximately 1.4% of the company’s stock are short sold.

Hedge Funds Weigh In On Defiance Large Cap ex-Mag 7 ETF

An institutional investor recently bought a new position in Defiance Large Cap ex-Mag 7 ETF stock. Steel Grove Capital Advisors LLC bought a new position in shares of Defiance Large Cap ex-Mag 7 ETF (NASDAQ:XMAG) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 36,875 shares of the company’s stock, valued at approximately $936,000. Steel Grove Capital Advisors LLC owned about 0.48% of Defiance Large Cap ex-Mag 7 ETF as of its most recent SEC filing.

Defiance Large Cap ex-Mag 7 ETF Price Performance

NASDAQ:XMAG opened at $25.72 on Friday. Defiance Large Cap ex-Mag 7 ETF has a 1-year low of $21.57 and a 1-year high of $26.92. The firm has a 50-day moving average of $25.78 and a two-hundred day moving average of $24.57. The stock has a market cap of $201.90 million, a P/E ratio of 22.97 and a beta of 0.81.

Defiance Large Cap ex-Mag 7 ETF Company Profile

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.