Defiance Daily Target 2X Long NVO ETF (NYSEARCA:NVOX) Short Interest Up 820.0% in July

Defiance Daily Target 2X Long NVO ETF (NYSEARCA:NVOX) was the recipient of a large growth in short interest in July. As of July 15th, there was short interest totaling 383,411 shares, a growth of 820.0% from the June 30th total of 41,675 shares. Based on an average trading volume of 266,888 shares, the days-to-cover ratio is currently 1.4 days. Currently, 15.3% of the shares of the stock are short sold.

Defiance Daily Target 2X Long NVO ETF Price Performance

Shares of NVOX opened at $16.37 on Friday. Defiance Daily Target 2X Long NVO ETF has a 1-year low of $9.23 and a 1-year high of $54.08. The firm has a 50 day simple moving average of $15.19 and a 200-day simple moving average of $16.10.

About Defiance Daily Target 2X Long NVO ETF

The Defiance Daily Target 2X Long NVO ETF (NVOX) is an exchange-traded fund that mostly invests in health care equity. The fund seeks to deliver 2x leveraged exposure to the daily share price movement of NOVO Nordisk A/S – ADR (NVO), less fees and expenses, through derivatives like swap agreements. NVOX was launched on Dec 2, 2024 and is issued by Defiance.