Defiance Large Cap ex-Mag 7 ETF (NASDAQ:XMAG) Sees Large Decline in Short Interest

Defiance Large Cap ex-Mag 7 ETF (NASDAQ:XMAG – Get Free Report) was the recipient of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 72,662 shares, a decline of 40.0% from the July 15th total of 121,132 shares. Currently, 1.1% of the shares of the company are sold short. Based on an average daily volume of 113,274 shares, the short-interest ratio is currently 0.6 days.

Defiance Large Cap ex-Mag 7 ETF Stock Performance

XMAG opened at $26.28 on Wednesday. The stock’s fifty day moving average is $25.69 and its 200-day moving average is $24.24. The company has a market capitalization of $171.61 million, a PE ratio of 22.97 and a beta of 0.80. Defiance Large Cap ex-Mag 7 ETF has a one year low of $21.36 and a one year high of $26.92.

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Defiance Large Cap ex-Mag 7 ETF Company Profile

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The Defiance Large Cap ex-Mag 7 ETF (XMAG) is an exchange-traded fund that is based on the BITA US 500 ex-Magnificent 7 index. The fund tracks an index that provides exposure to large-cap stocks in the US, excluding the seven largest technology stocks. The strategy aims to mitigate the overconcentration and volatility of a select few stocks XMAG was launched on Oct 21, 2024 and is issued by Defiance.

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