The Defiance Quantum ETF (NASDAQ:QTUM) Short Interest Update

The Defiance Quantum ETF (NASDAQ:QTUM) saw a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 121,058 shares, a decline of 34.8% from the February 26th total of 185,608 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average trading volume of 341,356 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On Defiance Quantum ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Quadrature Capital Ltd lifted its stake in shares of Defiance Quantum ETF by 316.0% in the 3rd quarter. Quadrature Capital Ltd now owns 222,448 shares of the company’s stock valued at $23,333,000 after purchasing an additional 168,976 shares during the period. Flow Traders U.S. LLC bought a new position in shares of Defiance Quantum ETF during the 3rd quarter worth approximately $8,158,000. Flagship Harbor Advisors LLC grew its position in shares of Defiance Quantum ETF by 1.4% during the 4th quarter. Flagship Harbor Advisors LLC now owns 57,117 shares of the company’s stock worth $6,264,000 after buying an additional 815 shares during the period. Janney Montgomery Scott LLC grew its position in shares of Defiance Quantum ETF by 25.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 50,154 shares of the company’s stock worth $5,500,000 after buying an additional 10,027 shares during the period. Finally, Strategic Blueprint LLC increased its stake in shares of Defiance Quantum ETF by 653.4% in the 3rd quarter. Strategic Blueprint LLC now owns 30,408 shares of the company’s stock valued at $3,190,000 after acquiring an additional 26,372 shares in the last quarter.

Defiance Quantum ETF Stock Performance

NASDAQ:QTUM opened at $105.07 on Friday. The company has a market capitalization of $3.30 billion, a PE ratio of 24.34 and a beta of 1.20. The company has a 50 day simple moving average of $114.58 and a two-hundred day simple moving average of $111.35. Defiance Quantum ETF has a fifty-two week low of $62.70 and a fifty-two week high of $121.34.

Defiance Quantum ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 26th. Stockholders of record on Wednesday, March 25th were given a dividend of $0.2236 per share. The ex-dividend date was Wednesday, March 25th.

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.