Defiance Daily Target 2X Long CVNA ETF (NASDAQ:CVNX) Short Interest Down 38.3% in May

Defiance Daily Target 2X Long CVNA ETF (NASDAQ:CVNX) saw a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 20,606 shares, a decrease of 38.3% from the April 30th total of 33,407 shares. Based on an average trading volume of 48,855 shares, the days-to-cover ratio is presently 0.4 days. Approximately 9.4% of the company’s stock are sold short.

Defiance Daily Target 2X Long CVNA ETF Stock Up 7.5%

NASDAQ:CVNX opened at $12.68 on Friday. Defiance Daily Target 2X Long CVNA ETF has a 1-year low of $9.27 and a 1-year high of $34.99. The company has a 50-day moving average of $15.30 and a 200 day moving average of $19.59.

About Defiance Daily Target 2X Long CVNA ETF

Tidal Trust II – Defiance Daily Target 2X Long CVNA ETF is an exchange traded fund launched and managed by Tidal Investments LLC. The fund invests in public equity markets. It invests through derivatives in stocks of companies operating across consumer discretionary, consumer discretionary distribution and retail and specialty retail sectors. The fund uses derivatives such as swaps and options to create its portfolio. It invests in growth and value stocks of companies across diversified market capitalization.