Defiance Daily Target 2X Long AVGO ETF (AVGX)Trading--Leveraged Equity | Exchange Traded Fund | NasdaqGM
59.25 USD
+2.23
(3.911%)
⇧
(April 17, 2026, 4 p.m.
EDT)
After hours: 59.11 -0.14 (-0.140%) ⇩ (April 17, 2026, 7:59 p.m. EDT) Short-term: ★★★★☆ | Long-term: ☆☆☆☆☆ | Dividends: ★★★★★ |
Hot Take | April 18, 2026, 10:13 p.m. EDT
AVGX is currently a dangerous instrument for long-term holding due to its aggressive 2x leverage, which has removed almost all accrual potential over the past year, despite delivering a copycat 2X NAV annualized yield via dividends. While the dividend yield (2.22%) keeps the credit rating high due to consistency, the fundamental structure is deteriorating, making it a 'buy and sell quickly' play rather than a hold. The recent 15-day price surge (approx. 85% gain) is a massive simulated event that leaves the price vulnerable to mean reversion; coupled with recent 45-day model corrections and heavy downside put flow, the risk/reward is skewed heavily against the long-term buyer, therefore a short-term momentum play is the only logical case, but the long-term thesis is flawed. |
| Model | MAE |
|---|---|
| AutoARIMA ✓ | 0.082514 |
| AutoETS | 0.084321 |
| MSTL | 0.093125 |
| AutoTheta | 0.123692 |
Forecast horizon: 45 days | Selected: AutoARIMA
| Forecast Reliability | |
|---|---|
| Score | 48% |
| H-stat | 5.26 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.423 |
| Excess Kurtosis | -0.18 |
As of April 18, 2026, 10:13 p.m. EDT: Options flow signals severe ambiguity with contrasting narratives. Short-term, traders are effectively betting on a range-bound market, evidenced by massive OI walls at key levels (e.g., 50-60 strikes for calls, 33-50 for puts) and high IV spikes on deep OTM strips (32/35 calls, 20-30 puts), suggesting speculation on sharp moves away from the current mean without a directional lean. However, the disproportionate put volume and specific IV spikes at lower strikes (20-30 range) suggest downside hedging or bearish sentiment for the near term, conflicting with the recent price momentum. Long-dated options show heavy OI concentration at the 2X NAV levels (40-50 range), reinforcing stability expectations.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 1.62% | 1.62% | — | — |
| Date | Dividend | Yield % |
|---|---|---|
| 2025-12-30 | 0.775 | 1.618292 |
| 2024-12-31 | 0.262 | 0.821256 |
| Attribute | Value |
|---|---|
| All Time High | 70.31 |
| All Time Low | 9.871 |
| Ask | 59.38 |
| Ask Size | 1 |
| Average Daily Volume10 Day | 649,100 |
| Average Daily Volume3 Month | 886,883 |
| Average Volume | 886,883 |
| Average Volume10Days | 649,100 |
| Beta3 Year | 0.0 |
| Bid | 59.25 |
| Bid Size | 1 |
| Category | Trading--Leveraged Equity |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 59.34 |
| Day Low | 57.575 |
| Dividend Yield | 2.22 |
| Esg Populated | 0 |
| Exchange | NGM |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 41.2708 |
| Fifty Day Average Change | 17.979198 |
| Fifty Day Average Change Percent | 0.43563968 |
| Fifty Two Week Change Percent | 333.11404 |
| Fifty Two Week High | 70.31 |
| Fifty Two Week High Change | -11.059998 |
| Fifty Two Week High Change Percent | -0.15730335 |
| Fifty Two Week Low | 12.91 |
| Fifty Two Week Low Change | 46.34 |
| Fifty Two Week Low Change Percent | 3.5894656 |
| Fifty Two Week Range | 12.91 - 70.31 |
| First Trade Date Milliseconds | 1,724,333,400,000 |
| Full Exchange Name | NasdaqGM |
| Fund Family | Defiance ETFs LLC |
| Fund Inception Date | 1,724,198,400 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Ipo Expected Date | 2,024-08-22 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | 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 by employing derivatives, namely swap agreements and/or listed options contracts. The fund is non-diversified. |
| Long Name | Defiance Daily Target 2X Long AVGO ETF |
| Market | us_market |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_1878721784 |
| Nav Price | 59.3511 |
| Net Assets | 165,175,504.0 |
| Net Expense Ratio | 1.3 |
| Open | 57.75 |
| Post Market Change | -0.13999939 |
| Post Market Change Percent | -0.2362859 |
| Post Market Price | 59.11 |
| Post Market Time | 1,776,470,346 |
| Previous Close | 57.02 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | 2.23 |
| Regular Market Change Percent | 3.91091 |
| Regular Market Day High | 59.34 |
| Regular Market Day Low | 57.575 |
| Regular Market Day Range | 57.575 - 59.34 |
| Regular Market Open | 57.75 |
| Regular Market Previous Close | 57.02 |
| Regular Market Price | 59.25 |
| Regular Market Time | 1,776,456,001 |
| Regular Market Volume | 460,376 |
| Short Name | Defiance Daily Target 2X Long A |
| Source Interval | 15 |
| Symbol | AVGX |
| Total Assets | 165,175,504 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -25.35685 |
| Trailing Three Month Returns | -25.35685 |
| Triggerable | 1 |
| Two Hundred Day Average | 46.11214 |
| Two Hundred Day Average Change | 13.137859 |
| Two Hundred Day Average Change Percent | 0.28491107 |
| Type Disp | ETF |
| Volume | 460,376 |
| Yield | 0.0222 |
| Ytd Return | -25.35685 |