Defiance Quantum ETF (NASDAQ:QTUM) Sees Unusually-High Trading Volume – Time to Buy?

Shares of The Defiance Quantum ETF (NASDAQ:QTUM) saw strong trading volume on Thursday . 494,522 shares were traded during mid-day trading, an increase of 12% from the previous session’s volume of 441,737 shares.The stock last traded at $106.47 and had previously closed at $104.57.

Defiance Quantum ETF Stock Down 1.4%

The stock’s fifty day moving average price is $108.42 and its 200 day moving average price is $96.70. The stock has a market cap of $2.84 billion, a PE ratio of 24.34 and a beta of 1.20.

Defiance Quantum ETF Dividend Announcement

The business also recently announced a — dividend, which was paid on Thursday, September 25th. Investors of record on Wednesday, September 24th were given a dividend of $0.2388 per share. The ex-dividend date was Wednesday, September 24th. This represents a yield of 60.0%.

Hedge Funds Weigh In On Defiance Quantum ETF

Large investors have recently made changes to their positions in the business. Van ECK Associates Corp grew its holdings in Defiance Quantum ETF by 88.4% during the 3rd quarter. Van ECK Associates Corp now owns 243 shares of the company’s stock valued at $25,000 after buying an additional 114 shares in the last quarter. Copia Wealth Management lifted its stake in shares of Defiance Quantum ETF by 1,016.1% in the 3rd quarter. Copia Wealth Management now owns 346 shares of the company’s stock valued at $36,000 after purchasing an additional 315 shares during the last quarter. Parallel Advisors LLC raised its holdings in Defiance Quantum ETF by 289.0% during the 2nd quarter. Parallel Advisors LLC now owns 389 shares of the company’s stock valued at $36,000 after buying an additional 289 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Defiance Quantum ETF during the second quarter worth $37,000. Finally, Luminist Capital LLC purchased a new position in Defiance Quantum ETF during the second quarter worth $38,000.

About Defiance Quantum ETF

The Defiance Quantum ETF (QTUM) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks an adjusted-equal-weighted index of companies involved in the research and development of quantum computers. QTUM was launched on Sep 5, 2018 and is managed by Defiance.