Short Interest in Defiance Large Cap ex-Mag 7 ETF (NASDAQ:XMAG) Grows By 75.5%

Defiance Large Cap ex-Mag 7 ETF (NASDAQ:XMAG) was the recipient of a significant growth in short interest in August. As of August 14th, there was short interest totaling 127,558 shares, a growth of 75.5% from the July 30th total of 72,662 shares. Based on an average daily volume of 55,225 shares, the short-interest ratio is presently 2.3 days. Currently, 2.0% of the shares of the stock are sold short.

Defiance Large Cap ex-Mag 7 ETF Stock Down 0.7%

XMAG traded down $0.18 during midday trading on Tuesday, reaching $25.85. 16,556 shares of the company’s stock were exchanged, compared to its average volume of 70,533. The firm has a market capitalization of $168.80 million, a price-to-earnings ratio of 22.97 and a beta of 0.80. Defiance Large Cap ex-Mag 7 ETF has a one year low of $21.41 and a one year high of $26.92. The business has a 50-day simple moving average of $25.82 and a two-hundred day simple moving average of $24.44.

About Defiance Large Cap ex-Mag 7 ETF

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.