Defiance Daily Target 2X Long AVGO ETF (NASDAQ:AVGX) Shares Down 0.6% – Here’s Why

Defiance Daily Target 2X Long AVGO ETF (NASDAQ:AVGX)’s stock price traded down 0.6% during trading on Wednesday . The company traded as low as $42.39 and last traded at $43.17. 480,195 shares changed hands during trading, a decline of 54% from the average session volume of 1,051,624 shares. The stock had previously closed at $43.45.

Defiance Daily Target 2X Long AVGO ETF Stock Performance

The company’s 50 day moving average price is $42.36 and its two-hundred day moving average price is $48.83.

Institutional Investors Weigh In On Defiance Daily Target 2X Long AVGO ETF

A hedge fund recently bought a new stake in Defiance Daily Target 2X Long AVGO ETF stock. Hollencrest Capital Management purchased a new position in shares of Defiance Daily Target 2X Long AVGO ETF (NASDAQ:AVGX) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,000 shares of the company’s stock, valued at approximately $47,000.

About Defiance Daily Target 2X Long AVGO ETF

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.