Defiance Daily Target 1.5X Short MSTR ETF (NASDAQ:SMST) Short Interest Update

Defiance Daily Target 1.5X Short MSTR ETF (NASDAQ:SMST) was the target of a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 114,420 shares, a decrease of 60.1% from the May 14th total of 286,844 shares. Approximately 10.6% of the shares of the stock are sold short. Based on an average trading volume of 351,705 shares, the days-to-cover ratio is presently 0.3 days.

Defiance Daily Target 1.5X Short MSTR ETF Price Performance

Shares of SMST traded down $2.92 during midday trading on Friday, reaching $46.30. The stock had a trading volume of 388,288 shares, compared to its average volume of 427,673. The company’s 50-day moving average is $39.62 and its 200 day moving average is $61.60. Defiance Daily Target 1.5X Short MSTR ETF has a 12-month low of $17.59 and a 12-month high of $154.16.

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

An institutional investor 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 filing with the Securities and 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 quarter.

Defiance Daily Target 1.5X Short MSTR ETF Company Profile

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.