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

Defiance Daily Target 2X Long AVGO ETF (NASDAQ:AVGX – Get Free Report) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 1,099,705 shares, an increase of 96.8% from the September 30th total of 558,654 shares. Currently, 22.3% of the shares of the stock are sold short. Based on an average trading volume of 648,641 shares, the days-to-cover ratio is currently 1.7 days.

Defiance Daily Target 2X Long AVGO ETF Stock Up 3.8%

Shares of AVGX traded up $1.20 during trading hours on Monday, hitting $32.84. The stock had a trading volume of 75,236 shares, compared to its average volume of 826,470. Defiance Daily Target 2X Long AVGO ETF has a 52 week low of $30.23 and a 52 week high of $84.80. The company’s fifty day moving average is $38.14 and its two-hundred day moving average is $46.02.

About Defiance Daily Target 2X Long AVGO ETF

(Get Free Report)

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.

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