The Defiance Quantum ETF (NASDAQ:QTUM – Get Free Report) was the target of a significant growth in short interest in August. As of August 14th, there was short interest totaling 1,041,778 shares, a growth of 106.2% from the July 30th total of 505,253 shares. Approximately 2.8% of the shares of the company are short sold. Based on an average daily volume of 385,091 shares, the days-to-cover ratio is currently 2.7 days.
Institutional Trading of Defiance Quantum ETF
A number of institutional investors and hedge funds have recently added to or reduced their stakes in QTUM. Vision Retirement LLC raised its stake in Defiance Quantum ETF by 97.7% during the first quarter. Vision Retirement LLC now owns 8,984 shares of the company’s stock worth $964,000 after acquiring an additional 4,440 shares in the last quarter. Financial Freedom LLC boosted its stake in shares of Defiance Quantum ETF by 29.8% in the 4th quarter. Financial Freedom LLC now owns 21,358 shares of the company’s stock valued at $2,342,000 after purchasing an additional 4,909 shares in the last quarter. Western Wealth Management LLC boosted its stake in shares of Defiance Quantum ETF by 24.4% in the 4th quarter. Western Wealth Management LLC now owns 23,942 shares of the company’s stock valued at $2,625,000 after purchasing an additional 4,702 shares in the last quarter. Fiduciary Alliance LLC grew its holdings in shares of Defiance Quantum ETF by 147.7% in the 1st quarter. Fiduciary Alliance LLC now owns 6,803 shares of the company’s stock worth $730,000 after purchasing an additional 4,057 shares during the last quarter. Finally, Compass Financial Management LLC bought a new stake in shares of Defiance Quantum ETF in the 2nd quarter worth about $3,290,000.
Defiance Quantum ETF Stock Down 1.8%
QTUM traded down $2.73 during trading on Friday, reaching $148.23. 319,627 shares of the company’s stock were exchanged, compared to its average volume of 507,324. The company has a market capitalization of $5.47 billion, a P/E ratio of 24.34 and a beta of 1.36. The business has a 50 day moving average price of $150.93 and a 200 day moving average price of $137.52. Defiance Quantum ETF has a fifty-two week low of $92.28 and a fifty-two week high of $170.00.
Defiance Quantum ETF Increases Dividend
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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