The Defiance Quantum ETF (NASDAQ:QTUM) Sees Significant Growth in Short Interest

The Defiance Quantum ETF (NASDAQ:QTUM) was the target of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 557,514 shares, a growth of 63.9% from the June 30th total of 340,162 shares. Currently, 1.5% of the shares of the company are short sold. Based on an average trading volume of 414,217 shares, the days-to-cover ratio is presently 1.3 days.

Institutional Trading of Defiance Quantum ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Van ECK Associates Corp raised its stake in shares of Defiance Quantum ETF by 88.4% in the third quarter. Van ECK Associates Corp now owns 243 shares of the company’s stock worth $25,000 after buying an additional 114 shares during the period. Gen Wealth Partners Inc grew its stake in shares of Defiance Quantum ETF by 51.7% during the 4th quarter. Gen Wealth Partners Inc now owns 320 shares of the company’s stock valued at $35,000 after acquiring an additional 109 shares during the period. Sound Income Strategies LLC bought a new position in shares of Defiance Quantum ETF during the 4th quarter valued at approximately $42,000. North Star Investment Management Corp. purchased a new stake in Defiance Quantum ETF in the 1st quarter worth approximately $43,000. Finally, Sankala Group LLC purchased a new stake in Defiance Quantum ETF in the 4th quarter worth approximately $46,000.

Defiance Quantum ETF Price Performance

NASDAQ:QTUM opened at $141.35 on Friday. The firm has a market capitalization of $5.22 billion, a price-to-earnings ratio of 24.34 and a beta of 1.34. Defiance Quantum ETF has a one year low of $89.23 and a one year high of $170.00. The business has a fifty day moving average price of $154.51 and a 200-day moving average price of $132.68.

Defiance Quantum ETF Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, June 25th. Investors of record on Wednesday, June 24th were given a dividend of $0.2699 per share. This is a boost from Defiance Quantum ETF’s previous dividend of $0.22. The ex-dividend date was Wednesday, June 24th.

Defiance Quantum ETF Company Profile

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.