Defiance Large Cap ex-Mag 7 ETF (NASDAQ:XMAG) Stock Short Interest Declines 38.4%

by · The Markets Daily

Defiance Large Cap ex-Mag 7 ETF (NASDAQ:XMAG – Get Free Report) was the target of a significant decrease in short interest in the month of 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. Approximately 1.4% of the company’s shares are sold short. Based on an average daily trading volume, of 43,803 shares, the short-interest ratio is presently 2.6 days.

Defiance Large Cap ex-Mag 7 ETF Stock Down 1.8%

XMAG stock opened at $25.72 on Friday. The stock’s fifty day simple moving average is $25.78 and its 200-day simple moving average is $24.57. Defiance Large Cap ex-Mag 7 ETF has a 52-week low of $21.57 and a 52-week high of $26.92. The stock has a market capitalization of $201.90 million, a price-to-earnings ratio of 22.97 and a beta of 0.81.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Defiance Large Cap ex-Mag 7 ETF stock. Steel Grove Capital Advisors LLC bought a new stake 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 Securities and Exchange Commission. The firm bought 36,875 shares of the company’s stock, valued at approximately $936,000. Steel Grove Capital Advisors LLC owned 0.48% of Defiance Large Cap ex-Mag 7 ETF at the end of the most recent quarter.

About Defiance Large Cap ex-Mag 7 ETF

(Get Free Report)

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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