Short Interest in Defiance Daily Target 2X Long LLY ETF (NYSEARCA:LLYX) Increases By 253.7%

Defiance Daily Target 2X Long LLY ETF (NYSEARCA:LLYX) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 391,908 shares, a growth of 253.7% from the August 15th total of 110,804 shares. Based on an average trading volume of 350,017 shares, the days-to-cover ratio is presently 1.1 days. Currently, 20.1% of the company’s stock are sold short.

Institutional Investors Weigh In On Defiance Daily Target 2X Long LLY ETF

An institutional investor recently bought a new stake in Defiance Daily Target 2X Long LLY ETF stock. Jump Financial LLC purchased a new position in shares of Defiance Daily Target 2X Long LLY ETF (NYSEARCA:LLYX) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 9,186 shares of the company’s stock, valued at approximately $234,000. Jump Financial LLC owned approximately 0.54% of Defiance Daily Target 2X Long LLY ETF at the end of the most recent quarter.

Defiance Daily Target 2X Long LLY ETF Stock Up 4.8%

Shares of NYSEARCA:LLYX traded up $1.10 during trading on Monday, reaching $24.01. The stock had a trading volume of 140,411 shares, compared to its average volume of 439,285. Defiance Daily Target 2X Long LLY ETF has a one year low of $12.18 and a one year high of $31.19. The firm’s 50-day simple moving average is $26.37 and its 200 day simple moving average is $22.72.

About Defiance Daily Target 2X Long LLY ETF

The Defiance Daily Target 2X Long LLY ETF (LLYX) is an exchange-traded fund that mostly invests in health care equity. The fund seeks to provide 2x leveraged exposure to the daily share price movement of the Eli Lilly and Company (NYSE: LLY), less fees and expenses. LLYX was launched on Aug 7, 2024 and is issued by Defiance.