The Defiance Quantum ETF (NASDAQ:QTUM) Sees Large Increase in Short Interest

The Defiance Quantum ETF (NASDAQ:QTUM) was the target of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 1,041,778 shares, an increase of 106.2% from the July 30th total of 505,253 shares. Approximately 2.8% of the shares of the stock are sold short. Based on an average trading volume of 385,091 shares, the short-interest ratio is presently 2.7 days.

Hedge Funds Weigh In On Defiance Quantum ETF

Several institutional investors have recently added to or reduced their stakes in the business. Vision Retirement LLC increased its position in Defiance Quantum ETF by 97.7% during the first quarter. Vision Retirement LLC now owns 8,984 shares of the company’s stock worth $964,000 after purchasing an additional 4,440 shares during the last quarter. Financial Freedom LLC boosted its holdings in shares of Defiance Quantum ETF by 29.8% in the 4th quarter. Financial Freedom LLC now owns 21,358 shares of the company’s stock valued at $2,342,000 after purchasing an additional 4,909 shares during the last quarter. Western Wealth Management LLC grew its stake in shares of Defiance Quantum ETF by 24.4% during the 4th quarter. Western Wealth Management LLC now owns 23,942 shares of the company’s stock valued at $2,625,000 after buying an additional 4,702 shares during the period. Fiduciary Alliance LLC grew its stake in shares of Defiance Quantum ETF by 147.7% during the 1st quarter. Fiduciary Alliance LLC now owns 6,803 shares of the company’s stock valued at $730,000 after buying an additional 4,057 shares during the period. Finally, Compass Financial Management LLC acquired a new stake in shares of Defiance Quantum ETF during the 2nd quarter worth $3,290,000.

Defiance Quantum ETF Price Performance

Shares of NASDAQ QTUM opened at $148.23 on Friday. The company has a 50-day simple moving average of $150.93 and a 200-day simple moving average of $137.52. The company has a market cap of $5.47 billion, a PE ratio of 24.34 and a beta of 1.36. Defiance Quantum ETF has a 12 month low of $92.28 and a 12 month high of $170.00.

Defiance Quantum ETF Increases Dividend

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

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.