Defiance Daily Target 2X Long SMCI ETF (NASDAQ:SMCX) Short Interest Update

Defiance Daily Target 2X Long SMCI ETF (NASDAQ:SMCX) was the recipient of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 835,454 shares, a drop of 33.4% from the May 14th total of 1,254,566 shares. Based on an average trading volume of 2,711,790 shares, the days-to-cover ratio is presently 0.3 days. Currently, 9.4% of the shares of the stock are sold short.

Defiance Daily Target 2X Long SMCI ETF Price Performance

Defiance Daily Target 2X Long SMCI ETF stock opened at $10.52 on Tuesday. The company’s fifty day moving average price is $15.69 and its 200 day moving average price is $20.95. Defiance Daily Target 2X Long SMCI ETF has a 1 year low of $6.48 and a 1 year high of $151.22.

Institutional Investors Weigh In On Defiance Daily Target 2X Long SMCI ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Optiver Holding B.V. boosted its stake in Defiance Daily Target 2X Long SMCI ETF by 306.7% during the 3rd quarter. Optiver Holding B.V. now owns 27,354 shares of the company’s stock worth $1,063,000 after purchasing an additional 20,628 shares during the last quarter. HRT Financial LP acquired a new stake in Defiance Daily Target 2X Long SMCI ETF during the 4th quarter worth $228,000. Finally, Simplex Trading LLC acquired a new stake in Defiance Daily Target 2X Long SMCI ETF during the 4th quarter worth $95,000.

Defiance Daily Target 2X Long SMCI ETF Company Profile

The Defiance Daily Target 2X Long SMCI ETF (SMCX) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to deliver 2x leveraged exposure to the daily share price movement of Super Micro Computer, Inc (SMCI), less fees and expenses, through derivatives like swap agreements SMCX was launched on Aug 21, 2024 and is issued by Defiance.