Defiance Large Cap ex-Mag 7 ETF (NASDAQ:XMAG) Short Interest Up 177.7% in June

Defiance Large Cap ex-Mag 7 ETF (NASDAQ:XMAG) was the target of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 138,677 shares, an increase of 177.7% from the June 15th total of 49,935 shares. Based on an average trading volume of 152,950 shares, the short-interest ratio is currently 0.9 days. Approximately 2.0% of the company’s shares are short sold.

Defiance Large Cap ex-Mag 7 ETF Stock Performance

Defiance Large Cap ex-Mag 7 ETF stock opened at $25.60 on Tuesday. The company’s 50 day simple moving average is $25.12 and its 200-day simple moving average is $23.72. The company has a market capitalization of $179.20 million, a price-to-earnings ratio of 22.97 and a beta of 0.78. Defiance Large Cap ex-Mag 7 ETF has a 1 year low of $20.86 and a 1 year high of $26.10.

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.