Defiance Daily Target 2X Long AVGO ETF (NASDAQ:AVGX) Sees Large Growth in Short Interest

Defiance Daily Target 2X Long AVGO ETF (NASDAQ:AVGX) saw a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 247,439 shares, an increase of 235.6% from the July 15th total of 73,721 shares. Currently, 5.5% of the company’s shares are sold short. Based on an average daily volume of 433,196 shares, the days-to-cover ratio is presently 0.6 days.

Defiance Daily Target 2X Long AVGO ETF Stock Performance

NASDAQ AVGX opened at $48.59 on Friday. Defiance Daily Target 2X Long AVGO ETF has a 12-month low of $30.84 and a 12-month high of $84.80. The company has a 50-day simple moving average of $49.27 and a two-hundred day simple moving average of $48.98.

Hedge Funds Weigh In On Defiance Daily Target 2X Long AVGO ETF

A hedge fund recently bought a new position in Defiance Daily Target 2X Long AVGO ETF stock. Jump Financial LLC bought a new position in Defiance Daily Target 2X Long AVGO ETF (NASDAQ:AVGX) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 8,074 shares of the company’s stock, valued at approximately $289,000. Jump Financial LLC owned 0.36% of Defiance Daily Target 2X Long AVGO ETF as of its most recent SEC filing.

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.