Defiance Daily Target 2X Long AVGO ETF (NASDAQ:AVGX) Stock Price Down 5.9% – Time to Sell?

Defiance Daily Target 2X Long AVGO ETF (NASDAQ:AVGX)’s stock price dropped 5.9% during mid-day trading on Thursday . The company traded as low as $36.19 and last traded at $39.51. Approximately 3,418,601 shares were traded during trading, an increase of 287% from the average session volume of 882,569 shares. The stock had previously closed at $41.99.

Defiance Daily Target 2X Long AVGO ETF Stock Up 0.3%

The company has a fifty day moving average price of $46.95 and a 200 day moving average price of $49.05.

Institutional Trading of Defiance Daily Target 2X Long AVGO ETF

A hedge fund recently bought a new stake in Defiance Daily Target 2X Long AVGO ETF stock. Jump Financial LLC acquired a new stake in shares of Defiance Daily Target 2X Long AVGO ETF (NASDAQ:AVGX) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,074 shares of the company’s stock, valued at approximately $289,000. Jump Financial LLC owned 0.36% of Defiance Daily Target 2X Long AVGO ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Defiance Daily Target 2X Long AVGO ETF Company Profile

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.