Defiance Daily Target 2X Long NVO ETF (NYSEARCA:NVOX) Sees Significant Increase in Short Interest

Defiance Daily Target 2X Long NVO ETF (NYSEARCA:NVOX – Get Free Report) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 479,073 shares, a growth of 103.9% from the August 31st total of 234,940 shares. Currently, 16.4% of the shares of the company are short sold. Based on an average daily trading volume, of 308,059 shares, the days-to-cover ratio is presently 1.6 days.

Defiance Daily Target 2X Long NVO ETF Stock Performance

NVOX stock opened at $9.65 on Wednesday. Defiance Daily Target 2X Long NVO ETF has a 1 year low of $9.23 and a 1 year high of $33.84. The stock’s fifty day moving average price is $13.89 and its 200-day moving average price is $13.62.

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Defiance Daily Target 2X Long NVO ETF Company Profile

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The Defiance Daily Target 2X Long NVO ETF (NVOX) is an exchange-traded fund that mostly invests in health care equity. The fund seeks to deliver 2x leveraged exposure to the daily share price movement of NOVO Nordisk A/S – ADR (NVO), less fees and expenses, through derivatives like swap agreements. NVOX was launched on Dec 2, 2024 and is issued by Defiance.

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