Defiance Daily Target 2X Long AVGO ETF (NASDAQ:AVGX) Stock Price Down 15.7% – Here’s What Happened

Defiance Daily Target 2X Long AVGO ETF (NASDAQ:AVGX)’s stock price traded down 15.7% during trading on Friday . The company traded as low as $50.00 and last traded at $50.00. 3,439,442 shares traded hands during trading, an increase of 273% from the average session volume of 922,226 shares. The stock had previously closed at $59.32.

Defiance Daily Target 2X Long AVGO ETF Stock Performance

The stock’s 50-day moving average price is $56.21 and its 200 day moving average price is $49.74.

Hedge Funds 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. Jump Financial LLC 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 disclosure with the Securities and Exchange Commission (SEC). The firm bought 8,058 shares of the company’s stock, valued at approximately $378,000. Jump Financial LLC owned 0.15% of Defiance Daily Target 2X Long AVGO ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

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.