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

Defiance Large Cap ex-Mag 7 ETF (NASDAQ:XMAG) saw a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 127,558 shares, a growth of 75.5% from the July 30th total of 72,662 shares. Based on an average daily volume of 55,225 shares, the days-to-cover ratio is currently 2.3 days. Approximately 2.0% of the shares of the company are sold short.

Defiance Large Cap ex-Mag 7 ETF Price Performance

Shares of NASDAQ XMAG opened at $26.07 on Monday. The stock has a fifty day moving average price of $25.81 and a 200 day moving average price of $24.42. Defiance Large Cap ex-Mag 7 ETF has a 1-year low of $21.41 and a 1-year high of $26.92. The company has a market cap of $170.24 million, a PE 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.