Defiance Daily Target 2X Long SMCI ETF (NASDAQ:SMCX) Shares Up 2.5% – What’s Next?

Defiance Daily Target 2X Long SMCI ETF (NASDAQ:SMCX) shot up 2.5% on Monday . The stock traded as high as $11.34 and last traded at $10.52. 6,064,783 shares traded hands during mid-day trading, an increase of 89% from the average session volume of 3,204,912 shares. The stock had previously closed at $10.26.

Defiance Daily Target 2X Long SMCI ETF Trading Down 10.0%

The stock has a fifty day moving average of $15.71 and a 200 day moving average of $20.63.

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

A number of institutional investors and hedge funds have recently modified their holdings of SMCX. Optiver Holding B.V. lifted its holdings in shares of Defiance Daily Target 2X Long SMCI ETF by 306.7% during the third 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 period. HRT Financial LP acquired a new stake in shares of Defiance Daily Target 2X Long SMCI ETF during the fourth quarter worth about $228,000. Finally, Simplex Trading LLC purchased a new position in Defiance Daily Target 2X Long SMCI ETF during the fourth quarter valued at approximately $95,000.

About Defiance Daily Target 2X Long SMCI ETF

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.