The Defiance Quantum ETF (NASDAQ:QTUM) Short Interest Down 46.3% in August

The Defiance Quantum ETF (NASDAQ:QTUM) saw a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 559,553 shares, a decline of 46.3% from the August 15th total of 1,041,778 shares. Based on an average daily trading volume, of 304,194 shares, the days-to-cover ratio is presently 1.8 days. Approximately 1.5% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Markowski Investments acquired a new stake in shares of Defiance Quantum ETF during the second quarter valued at about $50,000. Sankala Group LLC bought a new stake in Defiance Quantum ETF during the 4th quarter worth approximately $46,000. North Star Investment Management Corp. bought a new stake in Defiance Quantum ETF during the 1st quarter worth approximately $43,000. Sound Income Strategies LLC increased its position in Defiance Quantum ETF by 23.3% in the 1st quarter. Sound Income Strategies LLC now owns 439 shares of the company’s stock valued at $48,000 after acquiring an additional 83 shares during the period. Finally, EverSource Wealth Advisors LLC acquired a new position in Defiance Quantum ETF in the 4th quarter valued at approximately $54,000.

Defiance Quantum ETF Stock Down 0.1%

Defiance Quantum ETF stock traded down $0.10 during mid-day trading on Tuesday, reaching $142.70. The company had a trading volume of 226,978 shares, compared to its average volume of 490,969. The company has a 50 day moving average of $147.94 and a 200-day moving average of $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. Defiance Quantum ETF has a 52 week low of $98.21 and a 52 week high of $170.00.

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.