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

Defiance Daily Target 1.5X Short MSTR ETF (NASDAQ:SMST) was the recipient of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 11,650 shares, a drop of 34.7% from the June 30th total of 17,828 shares. Based on an average daily trading volume, of 275,956 shares, the days-to-cover ratio is presently 0.0 days. Currently, 2.6% of the shares of the company are short sold.

Hedge Funds Weigh In On Defiance Daily Target 1.5X Short MSTR ETF

A hedge fund recently bought a new position in Defiance Daily Target 1.5X Short MSTR ETF stock. Jump Financial LLC acquired a new position in Defiance Daily Target 1.5X Short MSTR ETF (NASDAQ:SMST) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 26,480 shares of the company’s stock, valued at approximately $2,457,000. Jump Financial LLC owned approximately 7.36% of Defiance Daily Target 1.5X Short MSTR ETF at the end of the most recent reporting period.

Defiance Daily Target 1.5X Short MSTR ETF Trading Up 8.2%

Shares of NASDAQ:SMST opened at $59.51 on Friday. The stock has a 50 day moving average of $55.45 and a 200 day moving average of $57.26. Defiance Daily Target 1.5X Short MSTR ETF has a 12-month low of $19.78 and a 12-month 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.