Defiance Daily Target 2X Long AVGO ETF (NASDAQ:AVGX) Shares Down 3.7% – Here’s Why

Shares of Defiance Daily Target 2X Long AVGO ETF (NASDAQ:AVGX) were down 3.7% on Friday . The company traded as low as $39.70 and last traded at $39.79. Approximately 545,740 shares traded hands during trading, a decline of 48% from the average daily volume of 1,059,530 shares. The stock had previously closed at $41.31.

Defiance Daily Target 2X Long AVGO ETF Trading Down 3.7%

The firm has a fifty day simple moving average of $46.42 and a 200-day simple moving average of $48.93.

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

An institutional investor recently bought a new position in Defiance Daily Target 2X Long AVGO ETF stock. Jump Financial LLC acquired a new stake in Defiance Daily Target 2X Long AVGO ETF (NASDAQ:AVGX) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 8,074 shares of the company’s stock, valued at approximately $289,000. Jump Financial LLC owned approximately 0.36% of Defiance Daily Target 2X Long AVGO ETF at the end of the most recent reporting period.

About Defiance Daily Target 2X Long AVGO ETF

The Defiance Daily Target 2X Long AVGO ETF (AVGX) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to deliver 2x leveraged exposure to the daily share price movement of Broadcom Inc (AVGO), less fees and expenses, through derivatives like swap agreements AVGX was launched on Aug 21, 2024 and is issued by Defiance.