The Defiance Quantum ETF (NASDAQ:QTUM) Stock Short Interest Report for October

The Defiance Quantum ETF (NASDAQ:QTUM) saw a large drop in short interest in October. As of October 15th, there was short interest totaling 422,943 shares, a drop of 44.9% from the September 30th total of 768,086 shares. Based on an average daily volume of 359,218 shares, the short-interest ratio is presently 1.2 days. Currently, 1.1% of the shares of the stock are short sold.

Defiance Quantum ETF Stock Down 2.4%

Shares of NASDAQ:QTUM traded down $3.15 during trading on Monday, hitting $130.68. 390,145 shares of the company were exchanged, compared to its average volume of 463,076. Defiance Quantum ETF has a 1-year low of $98.21 and a 1-year high of $170.00. The company has a market capitalization of $4.93 billion, a P/E ratio of 24.34 and a beta of 1.37. The business’s 50 day moving average is $146.95 and its 200-day moving average is $137.61.

Institutional Trading of Defiance Quantum ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Planning Strategies Inc. grew its holdings in Defiance Quantum ETF by 98.0% during the 3rd quarter. Planning Strategies Inc. now owns 202 shares of the company’s stock worth $31,000 after acquiring an additional 100 shares during the last quarter. Torren Management LLC bought a new position in Defiance Quantum ETF during the 3rd quarter worth $38,000. Sound Income Strategies LLC grew its position in shares of Defiance Quantum ETF by 23.3% in the 1st quarter. Sound Income Strategies LLC now owns 439 shares of the company’s stock valued at $48,000 after buying an additional 83 shares during the last quarter. Markowski Investments acquired a new stake in shares of Defiance Quantum ETF in the second quarter valued at about $50,000. Finally, Ascentis Independent Advisors acquired a new stake in shares of Defiance Quantum ETF in the first quarter valued at about $115,000.

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.