Defiance Daily Target 2X Long CVNA ETF (NASDAQ:CVNX) Trading Up 5.6% – What’s Next?

Defiance Daily Target 2X Long CVNA ETF (NASDAQ:CVNX)’s share price was up 5.6% on Friday . The company traded as high as $14.27 and last traded at $14.04. Approximately 53,631 shares were traded during mid-day trading, a decline of 38% from the average daily volume of 87,184 shares. The stock had previously closed at $13.29.

Defiance Daily Target 2X Long CVNA ETF Price Performance

The business’s 50-day simple moving average is $14.53 and its two-hundred day simple moving average is $20.53.

About Defiance Daily Target 2X Long CVNA ETF

Tidal Trust II – Defiance Daily Target 2X Long CVNA ETF is an exchange traded fund launched and managed by Tidal Investments LLC. The fund invests in public equity markets. It invests through derivatives in stocks of companies operating across consumer discretionary, consumer discretionary distribution and retail and specialty retail sectors. The fund uses derivatives such as swaps and options to create its portfolio. It invests in growth and value stocks of companies across diversified market capitalization.