Defiance Daily Target 2X Long SMCI ETF (NASDAQ:SMCX) Stock Price Down 4.9% – Here’s Why

Shares of Defiance Daily Target 2X Long SMCI ETF (NASDAQ:SMCX) were down 4.9% during trading on Friday . The company traded as low as $12.55 and last traded at $12.86. Approximately 3,851,414 shares were traded during mid-day trading, an increase of 5% from the average daily volume of 3,662,812 shares. The stock had previously closed at $13.52.

Defiance Daily Target 2X Long SMCI ETF Stock Performance

The business’s 50 day simple moving average is $14.07 and its 200-day simple moving average is $32.00.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Defiance Daily Target 2X Long SMCI ETF stock. Optiver Holding B.V. raised its position in shares of Defiance Daily Target 2X Long SMCI ETF (NASDAQ:SMCX) by 306.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,354 shares of the company’s stock after purchasing an additional 20,628 shares during the period. Optiver Holding B.V. owned approximately 0.48% of Defiance Daily Target 2X Long SMCI ETF worth $1,063,000 at the end of the most recent reporting period.

About Defiance Daily Target 2X Long SMCI ETF

The Defiance Daily Target 2X Long SMCI ETF (SMCX) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to deliver 2x leveraged exposure to the daily share price movement of Super Micro Computer, Inc (SMCI), less fees and expenses, through derivatives like swap agreements SMCX was launched on Aug 21, 2024 and is issued by Defiance.