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

Defiance Daily Target 2X Long CVNA ETF (NASDAQ:CVNX) saw a significant increase in short interest in April. As of April 30th, there was short interest totaling 33,407 shares, an increase of 78.2% from the April 15th total of 18,744 shares. Currently, 15.2% of the company’s stock are short sold. Based on an average trading volume of 41,600 shares, the short-interest ratio is presently 0.8 days.

Defiance Daily Target 2X Long CVNA ETF Stock Performance

Shares of CVNX opened at $11.85 on Wednesday. The company has a 50 day moving average of $14.78 and a two-hundred day moving average of $19.73. Defiance Daily Target 2X Long CVNA ETF has a twelve month low of $9.27 and a twelve month high of $34.99.

About Defiance Daily Target 2X Long CVNA ETF

Tidal Trust II – Defiance Daily Target 2X Long CVNA ETF is an exchange traded fund launched and managed by Tidal Investments LLC. The fund invests in public equity markets. It invests through derivatives in stocks of companies operating across consumer discretionary, consumer discretionary distribution and retail and specialty retail sectors. The fund uses derivatives such as swaps and options to create its portfolio. It invests in growth and value stocks of companies across diversified market capitalization.