Short Interest in The Defiance Quantum ETF (NASDAQ:QTUM) Drops By 22.7%

The Defiance Quantum ETF (NASDAQ:QTUM) was the recipient of a significant drop in short interest in February. As of February 27th, there was short interest totaling 185,608 shares, a drop of 22.7% from the February 12th total of 240,006 shares. Based on an average daily volume of 272,961 shares, the short-interest ratio is currently 0.7 days. Approximately 0.6% of the company’s stock are short sold. Approximately 0.6% of the company’s stock are short sold. Based on an average daily volume of 272,961 shares, the short-interest ratio is currently 0.7 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Quadrature Capital Ltd boosted its holdings in Defiance Quantum ETF by 316.0% in the third quarter. Quadrature Capital Ltd now owns 222,448 shares of the company’s stock worth $23,333,000 after acquiring an additional 168,976 shares in the last quarter. Flow Traders U.S. LLC purchased a new stake in shares of Defiance Quantum ETF during the third quarter valued at $8,158,000. Strategic Blueprint LLC increased its position in shares of Defiance Quantum ETF by 653.4% in the 3rd quarter. Strategic Blueprint LLC now owns 30,408 shares of the company’s stock valued at $3,190,000 after acquiring an additional 26,372 shares during the period. Western Wealth Management LLC lifted its position in Defiance Quantum ETF by 462.2% during the 3rd quarter. Western Wealth Management LLC now owns 19,240 shares of the company’s stock worth $2,018,000 after acquiring an additional 15,818 shares during the period. Finally, Janney Montgomery Scott LLC increased its holdings in shares of Defiance Quantum ETF by 25.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 50,154 shares of the company’s stock valued at $5,500,000 after purchasing an additional 10,027 shares during the period.

Defiance Quantum ETF Trading Up 2.0%

Shares of QTUM traded up $2.24 during trading hours on Monday, hitting $111.61. The company had a trading volume of 212,202 shares, compared to its average volume of 402,042. Defiance Quantum ETF has a one year low of $62.70 and a one year high of $121.34. The company’s fifty day moving average price is $115.97 and its two-hundred day moving average price is $110.52. The company has a market capitalization of $3.50 billion, a PE ratio of 24.34 and a beta of 1.20.

Defiance Quantum ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, December 30th. Stockholders of record on Monday, December 29th were given a dividend of $0.4452 per share. The ex-dividend date of this dividend was Monday, December 29th.

About Defiance Quantum ETF

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.