The Defiance Quantum ETF (NASDAQ:QTUM – Get Free Report) was the target of a large drop in short interest in October. As of October 15th, there was short interest totaling 422,943 shares, a drop of 44.9% from the September 30th total of 768,086 shares. Based on an average daily trading volume, of 359,218 shares, the short-interest ratio is currently 1.2 days. Currently, 1.1% of the shares of the stock are short sold.
Defiance Quantum ETF Stock Performance
QTUM stock traded down $7.31 during midday trading on Friday, reaching $133.83. 625,603 shares of the company traded hands, compared to its average volume of 463,426. The firm has a market capitalization of $5.05 billion, a price-to-earnings ratio of 24.34 and a beta of 1.37. The business has a 50 day moving average of $146.95 and a 200-day moving average of $137.61. Defiance Quantum ETF has a 52-week low of $98.21 and a 52-week high of $170.00.
Hedge Funds Weigh In On Defiance Quantum ETF
A number of hedge funds have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC increased its stake in shares of Defiance Quantum ETF by 2.7% during the first quarter. Janney Montgomery Scott LLC now owns 51,496 shares of the company’s stock valued at $5,526,000 after buying an additional 1,342 shares during the period. Farther Finance Advisors LLC lifted its stake in Defiance Quantum ETF by 25.7% in the third quarter. Farther Finance Advisors LLC now owns 23,457 shares of the company’s stock worth $3,556,000 after acquiring an additional 4,790 shares during the period. Compass Financial Management LLC bought a new position in Defiance Quantum ETF during the 2nd quarter worth about $3,290,000. Wedbush Securities Inc. purchased a new position in Defiance Quantum ETF during the 2nd quarter valued at about $1,938,000. Finally, TOP Private Wealth LLC. purchased a new position in Defiance Quantum ETF during the 2nd quarter valued at about $2,703,000.
Defiance Quantum ETF Company Profile
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.
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