Defiance Daily Target 2X Long NVO ETF (NYSEARCA:NVOX) Short Interest Update

Defiance Daily Target 2X Long NVO ETF (NYSEARCA:NVOX) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 479,073 shares, an increase of 103.9% from the August 31st total of 234,940 shares. Currently, 16.4% of the shares of the company are sold short. Based on an average daily trading volume, of 308,059 shares, the days-to-cover ratio is currently 1.6 days.

Defiance Daily Target 2X Long NVO ETF Stock Performance

Shares of NVOX traded down $0.16 during midday trading on Tuesday, hitting $9.65. 317,572 shares of the stock traded hands, compared to its average volume of 743,185. The business’s 50 day moving average price is $14.03 and its two-hundred day moving average price is $13.63. Defiance Daily Target 2X Long NVO ETF has a 1-year low of $9.23 and a 1-year high of $33.84.

About Defiance Daily Target 2X Long NVO ETF

The Defiance Daily Target 2X Long NVO ETF (NVOX) is an exchange-traded fund that mostly invests in health care equity. The fund seeks to deliver 2x leveraged exposure to the daily share price movement of NOVO Nordisk A/S – ADR (NVO), less fees and expenses, through derivatives like swap agreements. NVOX was launched on Dec 2, 2024 and is issued by Defiance.