Defiance Daily Target 2X Long SMCI ETF (NASDAQ:SMCX) Stock Short Interest Falls 52.2%

Defiance Daily Target 2X Long SMCI ETF (NASDAQ:SMCX) was the target of a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 2,534,018 shares, a decline of 52.2% from the September 15th total of 5,304,629 shares. Based on an average daily volume of 4,752,181 shares, the days-to-cover ratio is currently 0.5 days. Currently, 19.0% of the company’s shares are sold short.

Defiance Daily Target 2X Long SMCI ETF Trading Down 10.5%

NASDAQ SMCX traded down $1.28 during mid-day trading on Wednesday, hitting $10.90. The company’s stock had a trading volume of 2,232,454 shares, compared to its average volume of 4,497,108. The stock’s fifty day simple moving average is $12.69 and its two-hundred day simple moving average is $12.47. Defiance Daily Target 2X Long SMCI ETF has a 52-week low of $5.46 and a 52-week high of $102.92.

About Defiance Daily Target 2X Long SMCI ETF

The Defiance Daily Target 2X Long SMCI ETF (SMCX) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to deliver 2x leveraged exposure to the daily share price movement of Super Micro Computer, Inc (SMCI), less fees and expenses, through derivatives like swap agreements SMCX was launched on Aug 21, 2024 and is issued by Defiance.