Short Interest in Defiance Daily Target 2X Long ANET ETF (NASDAQ:ANEL) Rises By 350.1%

Defiance Daily Target 2X Long ANET ETF (NASDAQ:ANEL) saw a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 97,969 shares, an increase of 350.1% from the June 30th total of 21,764 shares. Based on an average daily trading volume, of 199,389 shares, the days-to-cover ratio is currently 0.5 days. Currently, 18.1% of the shares of the company are short sold.

Defiance Daily Target 2X Long ANET ETF Stock Performance

Shares of ANEL opened at $21.28 on Friday. The business’s 50 day simple moving average is $20.34. Defiance Daily Target 2X Long ANET ETF has a 12-month low of $11.38 and a 12-month high of $26.97.

Anellotech, Inc is a clean-technology company that develops and commercializes processes to produce renewable chemicals from non-food biomass. The company’s core focus is on delivering bio-based aromatic hydrocarbons — including benzene, toluene and xylene (BTX) — that can be used as drop-in replacements for petrochemical feedstocks in the production of plastics, nylons and other industrial chemicals. Anellotech positions its offerings toward customers looking for lower-carbon alternatives to conventional petroleum-derived chemicals.

At the center of Anellotech’s business is a proprietary catalytic fast pyrolysis (CFP) approach that thermally converts lignocellulosic biomass and other non-food feedstocks into an aromatic-rich vapour stream, which is then catalytically upgraded to produce target molecules.