Short Interest in Defiance Daily Target 1.5X Short MSTR ETF (NASDAQ:SMST) Increases By 595.9%

Posted by Jeff Wilder on Sep 13th, 2026

Defiance Daily Target 1.5X Short MSTR ETF (NASDAQ:SMST – Get Free Report) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 654,522 shares, a growth of 595.9% from the August 15th total of 94,058 shares. Approximately 128.3% of the company’s shares are short sold. Based on an average daily trading volume, of 853,135 shares, the days-to-cover ratio is presently 0.8 days.

Defiance Daily Target 1.5X Short MSTR ETF Trading Down 3.6%

SMST stock opened at $21.55 on Friday. Defiance Daily Target 1.5X Short MSTR ETF has a 1-year low of $17.91 and a 1-year high of $154.16. The business’s 50-day moving average price is $46.65 and its two-hundred day moving average price is $48.48.

Hedge Funds Weigh In On Defiance Daily Target 1.5X Short MSTR ETF

An institutional investor recently bought a new position in Defiance Daily Target 1.5X Short MSTR ETF stock. Jump Financial LLC purchased a new stake in Defiance Daily Target 1.5X Short MSTR ETF (NASDAQ:SMST – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 26,480 shares of the company’s stock, valued at approximately $2,457,000. Jump Financial LLC owned approximately 7.36% of Defiance Daily Target 1.5X Short MSTR ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

About Defiance Daily Target 1.5X Short MSTR ETF

(Get Free Report)

The Defiance Daily Target 2x Short MSTR ETF (SMST) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to provide 2x inverse exposure to the daily share price movement of MicroStrategy Incorporated (NYSE: MSTR), less fees and expenses. SMST was launched on Aug 20, 2024 and is issued by Defiance.