Defiance Daily Target 2X Long AVGO ETF (NASDAQ:AVGX) Trading Down 1.3% – Should You Sell?

Defiance Daily Target 2X Long AVGO ETF (NASDAQ:AVGX) shares were down 1.3% during trading on Tuesday . The company traded as low as $47.79 and last traded at $47.89. Approximately 534,304 shares changed hands during trading, a decline of 34% from the average daily volume of 803,523 shares. The stock had previously closed at $48.54.

Defiance Daily Target 2X Long AVGO ETF Trading Down 1.3%

The stock has a 50 day moving average of $54.68 and a 200-day moving average of $47.07.

Institutional Inflows and Outflows

An institutional investor recently bought a new position 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 filing with the SEC. The firm acquired 8,074 shares of the company’s stock, valued at approximately $289,000. Jump Financial LLC owned approximately 0.36% of Defiance Daily Target 2X Long AVGO ETF at the end of the most recent reporting period.

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.