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

The Defiance Quantum ETF (NASDAQ:QTUMGet Free Report) was the target of a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 559,553 shares, a decrease of 46.3% from the August 15th total of 1,041,778 shares. Currently, 1.5% of the company’s shares are short sold. Based on an average daily volume of 304,194 shares, the days-to-cover ratio is presently 1.8 days.

Defiance Quantum ETF Stock Performance

Shares of NASDAQ QTUM traded down $0.10 during midday trading on Tuesday, reaching $142.70. The stock had a trading volume of 226,978 shares, compared to its average volume of 490,969. Defiance Quantum ETF has a twelve month low of $98.21 and a twelve month high of $170.00. The company’s 50 day moving average price is $147.94 and its 200 day moving average price is $139.95. The firm has a market cap of $5.35 billion, a price-to-earnings ratio of 24.34 and a beta of 1.36.

Institutional Investors Weigh In On Defiance Quantum ETF

Hedge funds have recently added to or reduced their stakes in the business. Compass Financial Management LLC acquired a new stake in Defiance Quantum ETF in the second quarter worth $3,290,000. Markowski Investments acquired a new position in shares of Defiance Quantum ETF during the second quarter valued at about $50,000. TOP Private Wealth LLC. acquired a new position in shares of Defiance Quantum ETF during the second quarter valued at about $2,703,000. Wedbush Securities Inc. bought a new position in shares of Defiance Quantum ETF during the 2nd quarter worth about $1,938,000. Finally, KERR FINANCIAL PLANNING Corp grew its stake in shares of Defiance Quantum ETF by 21.5% in the 2nd quarter. KERR FINANCIAL PLANNING Corp now owns 853 shares of the company’s stock valued at $141,000 after buying an additional 151 shares during the period.

Defiance Quantum ETF Company Profile

(Get Free Report)

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.

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