Defiance Daily Target 2X Long AVGO ETF (NASDAQ:AVGX) Shares Down 3.7% – Time to Sell?

Shares of Defiance Daily Target 2X Long AVGO ETF (NASDAQ:AVGX) dropped 3.7% on Friday . The company traded as low as $39.70 and last traded at $39.79. Approximately 545,740 shares traded hands during trading, a decline of 48% from the average daily volume of 1,059,530 shares. The stock had previously closed at $41.31.

Defiance Daily Target 2X Long AVGO ETF Price Performance

The firm has a 50-day simple moving average of $46.42 and a 200 day simple moving average of $48.88.

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

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

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.