Defiance Daily Target 2X Long ANET ETF (NASDAQ:ANEL) Short Interest Down 77.4% in June

Defiance Daily Target 2X Long ANET ETF (NASDAQ:ANEL) was the target of a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 21,764 shares, a decline of 77.4% from the June 15th total of 96,120 shares. Based on an average trading volume of 118,036 shares, the days-to-cover ratio is presently 0.2 days. Currently, 2.6% of the company’s stock are sold short.

Defiance Daily Target 2X Long ANET ETF Price Performance

NASDAQ ANEL traded up $0.55 during trading hours on Friday, reaching $25.23. 168,646 shares of the company traded hands, compared to its average volume of 177,078. Defiance Daily Target 2X Long ANET ETF has a 12 month low of $11.38 and a 12 month high of $26.97. The stock has a 50 day simple moving average of $19.54.

Anellotech, Inc is a clean-technology company that develops and commercializes processes to produce renewable chemicals from non-food biomass. The company’s core focus is on delivering bio-based aromatic hydrocarbons — including benzene, toluene and xylene (BTX) — that can be used as drop-in replacements for petrochemical feedstocks in the production of plastics, nylons and other industrial chemicals. Anellotech positions its offerings toward customers looking for lower-carbon alternatives to conventional petroleum-derived chemicals.

At the center of Anellotech’s business is a proprietary catalytic fast pyrolysis (CFP) approach that thermally converts lignocellulosic biomass and other non-food feedstocks into an aromatic-rich vapour stream, which is then catalytically upgraded to produce target molecules.