AVGX Stock Summary and Trading Ideas (Defiance Daily Target 2X Long Avgo ETF | NASDAQ:AVGX)

The Fund is an actively managed exchange traded fund ("ETF") that attempts to achieve two times (200%) the daily percentage change in the share price of the Underlying Security Broadcom Inc. (Nasdaq: AVGO) by entering into swap agreements on the Underlying Security. The Fund aims to achieve this daily percentage change for a single day, and not for any other period. A "single day" means the period "from the close of regular trading on one trading day to the close on the next trading day." AVGO is a global technology company that designs, develops and supplies a broad range of semiconductor and infrastructure software solution. AVGO leverages global engineering expertise and an extensive patent portfolio to develop high-performance semiconductor devices and system-on-chip (SoC) solutions for niche markets, with applications ranging from data center networking to factory automation

Defiance Daily Target 2X Long Avgo ETF trades on the NASDAQ stock market under the symbol AVGX.

As of January 15, 2025, AVGX stock price climbed to $31.09 with 277,835 million shares trading.

AVGX has a beta of 6.05, meaning it tends to be more sensitive to market movements. AVGX has a correlation of 0.47 to the broad based SPY ETF.

AVGX has a market cap of $81.61 million. This is considered a Micro Cap stock.

AVGX support price is $28.20 and resistance is $32.34 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AVGX shares will trade within this expected range on the day.