Defiance Large Cap ex-Mag 7 ETF (NASDAQ:XMAG – Get Free Report) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 100,700 shares, a growth of 353.6% from the September 30th total of 22,200 shares. Currently, 4.4% of the shares of the stock are short sold. Based on an average daily volume of 22,500 shares, the days-to-cover ratio is currently 4.5 days. Based on an average daily volume of 22,500 shares, the days-to-cover ratio is currently 4.5 days. Currently, 4.4% of the shares of the stock are short sold.
Institutional Trading of Defiance Large Cap ex-Mag 7 ETF
A hedge fund recently bought a new stake in Defiance Large Cap ex-Mag 7 ETF stock. Family Legacy Financial Solutions LLC bought a new stake in shares of Defiance Large Cap ex-Mag 7 ETF (NASDAQ:XMAG – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 6,164 shares of the company’s stock, valued at approximately $131,000. Family Legacy Financial Solutions LLC owned 0.37% of Defiance Large Cap ex-Mag 7 ETF at the end of the most recent quarter.
Defiance Large Cap ex-Mag 7 ETF Trading Up 0.5%
Shares of XMAG opened at $22.63 on Tuesday. The business’s 50 day moving average is $21.99 and its 200 day moving average is $21.01. The company has a market capitalization of $51.60 million, a PE ratio of 22.97 and a beta of 0.90. Defiance Large Cap ex-Mag 7 ETF has a 12-month low of $17.07 and a 12-month high of $22.66.
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.
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