Defiance Daily Target 1.5X Short MSTR ETF (NASDAQ:SMST) Sees Large Decline in Short Interest

Defiance Daily Target 1.5X Short MSTR ETF (NASDAQ:SMST) was the recipient of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 86,664 shares, a drop of 79.5% from the September 15th total of 423,684 shares. Currently, 4.9% of the shares of the company are sold short. Based on an average trading volume of 2,143,410 shares, the days-to-cover ratio is currently 0.0 days.

Defiance Daily Target 1.5X Short MSTR ETF Trading Up 2.0%

Shares of NASDAQ:SMST traded up $0.26 during midday trading on Monday, hitting $13.10. The company’s stock had a trading volume of 728,462 shares, compared to its average volume of 598,196. The stock’s 50 day simple moving average is $28.32 and its 200 day simple moving average is $42.01. Defiance Daily Target 1.5X Short MSTR ETF has a fifty-two week low of $10.70 and a fifty-two week high of $154.16.

About Defiance Daily Target 1.5X Short MSTR ETF

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.