Defiance Daily Target 1.5X Short MSTR ETF (NASDAQ:SMST – Get Free Report) saw a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 112,446 shares, a growth of 865.2% from the July 15th total of 11,650 shares. Based on an average daily trading volume, of 238,076 shares, the days-to-cover ratio is presently 0.5 days. Approximately 22.0% of the shares of the company are short sold.
Defiance Daily Target 1.5X Short MSTR ETF Stock Performance
NASDAQ SMST traded up $1.54 on Tuesday, hitting $55.69. 180,480 shares of the company’s stock traded hands, compared to its average volume of 389,918. The firm’s 50-day moving average price is $58.46 and its two-hundred day moving average price is $56.39. Defiance Daily Target 1.5X Short MSTR ETF has a 1-year low of $21.16 and a 1-year high of $154.16.
Institutional Trading of Defiance Daily Target 1.5X Short MSTR ETF
An institutional investor recently bought a new stake in Defiance Daily Target 1.5X Short MSTR ETF stock. Jump Financial LLC bought a new position in shares of Defiance Daily Target 1.5X Short MSTR ETF (NASDAQ:SMST – Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 26,480 shares of the company’s stock, valued at approximately $2,457,000. Jump Financial LLC owned 7.36% of Defiance Daily Target 1.5X Short MSTR ETF as of its most recent SEC filing.
Defiance Daily Target 1.5X Short MSTR ETF Company Profile
The Defiance Daily Target 2x Short MSTR ETF (SMST) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to provide 2x inverse exposure to the daily share price movement of MicroStrategy Incorporated (NYSE: MSTR), less fees and expenses. SMST was launched on Aug 20, 2024 and is issued by Defiance.
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