Defiance Quantum ETF (NASDAQ:QTUM) Sees Unusually-High Trading Volume – What’s Next?

The Defiance Quantum ETF (NASDAQ:QTUM) saw strong trading volume on Thursday . 298,040 shares changed hands during mid-day trading, a decline of 28% from the previous session’s volume of 414,697 shares.The stock last traded at $147.50 and had previously closed at $145.44.

Defiance Quantum ETF Stock Performance

The stock has a fifty day moving average price of $123.39 and a 200-day moving average price of $116.75. The firm has a market capitalization of $4.71 billion, a PE ratio of 24.34 and a beta of 1.31.

Defiance Quantum ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, March 26th. Stockholders of record on Wednesday, March 25th were issued a $0.2236 dividend. The ex-dividend date was Wednesday, March 25th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quadrature Capital Ltd lifted its position in Defiance Quantum ETF by 316.0% during the 3rd 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 during the period. Flow Traders U.S. LLC acquired a new stake in Defiance Quantum ETF during the 3rd quarter worth about $8,158,000. 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. Janney Montgomery Scott LLC lifted its position in Defiance Quantum ETF by 25.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 50,154 shares of the company’s stock worth $5,500,000 after acquiring an additional 10,027 shares during the period. Finally, NewEdge Advisors LLC lifted its position in Defiance Quantum ETF by 72.9% during the 2nd quarter. NewEdge Advisors LLC now owns 22,321 shares of the company’s stock worth $2,049,000 after acquiring an additional 9,411 shares during the period.

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.