Defiance Large Cap ex-Mag 7 ETF (NASDAQ:XMAG) Short Interest Update

Defiance Large Cap ex-Mag 7 ETF (NASDAQ:XMAG) saw a large decline in short interest in September. As of September 15th, there was short interest totaling 17,000 shares, a decline of 59.0% from the August 31st total of 41,500 shares. Based on an average daily volume of 15,000 shares, the short-interest ratio is presently 1.1 days. Based on an average daily volume of 15,000 shares, the short-interest ratio is presently 1.1 days.

Defiance Large Cap ex-Mag 7 ETF Stock Up 0.3%

Shares of NASDAQ:XMAG opened at $22.32 on Friday. The firm has a market cap of $44.19 million and a P/E ratio of 22.97. Defiance Large Cap ex-Mag 7 ETF has a 12 month low of $17.07 and a 12 month high of $22.42. The company’s 50-day moving average price is $21.69 and its two-hundred day moving average price is $20.65.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of XMAG. Family Legacy Financial Solutions LLC acquired a new position in shares of Defiance Large Cap ex-Mag 7 ETF during the second quarter worth about $131,000. Farther Finance Advisors LLC acquired a new stake in Defiance Large Cap ex-Mag 7 ETF in the 1st quarter valued at approximately $156,000. Finally, OLD Mission Capital LLC bought a new stake in Defiance Large Cap ex-Mag 7 ETF in the 1st quarter valued at approximately $330,000.

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.