Defiance Daily Target 1.5X Short MSTR ETF (NASDAQ:SMST – Get Free Report) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 654,522 shares, a growth of 595.9% from the August 15th total of 94,058 shares. Currently, 128.3% of the company’s shares are short sold. Based on an average daily volume of 853,135 shares, the short-interest ratio is currently 0.8 days.
Defiance Daily Target 1.5X Short MSTR ETF Trading Up 6.0%
Shares of SMST stock opened at $22.35 on Friday. Defiance Daily Target 1.5X Short MSTR ETF has a twelve month low of $17.91 and a twelve month high of $154.16. The stock has a fifty day simple moving average of $47.35 and a two-hundred day simple moving average of $48.67.
Institutional Trading of Defiance Daily Target 1.5X Short MSTR ETF
A hedge fund recently bought a new stake in Defiance Daily Target 1.5X Short MSTR ETF stock. Jump Financial LLC acquired a new position in shares of Defiance Daily Target 1.5X Short MSTR ETF (NASDAQ:SMST – Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 26,480 shares of the company’s stock, valued at approximately $2,457,000. Jump Financial LLC owned approximately 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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