Defiance Large Cap ex-Mag 7 ETF (NASDAQ:XMAG – Get Free Report) saw a significant decrease in short interest in October. As of October 15th, there was short interest totaling 111,710 shares, a decrease of 38.4% from the September 30th total of 181,399 shares. Currently, 1.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 43,803 shares, the short-interest ratio is currently 2.6 days.
Defiance Large Cap ex-Mag 7 ETF Stock Down 0.4%
XMAG opened at $25.62 on Tuesday. The firm has a market cap of $201.12 million, a PE ratio of 22.97 and a beta of 0.81. The business has a fifty day simple moving average of $25.76 and a 200-day simple moving average of $24.59. Defiance Large Cap ex-Mag 7 ETF has a fifty-two week low of $21.57 and a fifty-two week high of $26.92.
Hedge Funds Weigh In On Defiance Large Cap ex-Mag 7 ETF
An institutional investor recently bought a new stake in Defiance Large Cap ex-Mag 7 ETF stock. Steel Grove Capital Advisors LLC purchased a new position in Defiance Large Cap ex-Mag 7 ETF (NASDAQ:XMAG – Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 36,875 shares of the company’s stock, valued at approximately $936,000. Steel Grove Capital Advisors LLC owned approximately 0.48% of Defiance Large Cap ex-Mag 7 ETF at the end of the most recent quarter.
Defiance Large Cap ex-Mag 7 ETF Company Profile
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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