Defiance Quantum ETF (NASDAQ:QTUM) Sees Unusually-High Trading Volume – What’s Next?

The Defiance Quantum ETF (NASDAQ:QTUM) saw unusually-high trading volume on Thursday . Approximately 298,040 shares changed hands during trading, a decline of 28% from the previous session’s volume of 414,697 shares.The stock last traded at $147.50 and had previously closed at $145.44.

Defiance Quantum ETF Stock Performance

The firm has a fifty day simple moving average of $123.39 and a 200 day simple moving average of $116.75. The company has a market capitalization of $4.71 billion, a PE ratio of 24.34 and a beta of 1.31.

Defiance Quantum ETF Cuts Dividend

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Flow Traders U.S. LLC purchased a new position in shares of Defiance Quantum ETF in the 3rd quarter valued at $8,158,000. Western Wealth Management LLC increased its holdings in shares of Defiance Quantum ETF by 462.2% in the 3rd quarter. Western Wealth Management LLC now owns 19,240 shares of the company’s stock valued at $2,018,000 after acquiring an additional 15,818 shares during the period. Thoroughbred Financial Services LLC purchased a new position in shares of Defiance Quantum ETF in the 3rd quarter valued at $573,000. Quadrature Capital Ltd increased its holdings 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 acquiring an additional 168,976 shares during the period. Finally, High Point Wealth Management LLC purchased a new position in shares of Defiance Quantum ETF in the 4th quarter valued at $575,000.

Defiance Quantum ETF Company Profile

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.