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 recipient of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 112,446 shares, an increase of 865.2% from the July 15th total of 11,650 shares. Approximately 22.0% of the company’s shares are sold short. Based on an average trading volume of 238,076 shares, the short-interest ratio is presently 0.5 days.

Defiance Daily Target 1.5X Short MSTR ETF Stock Down 5.3%

Shares of NASDAQ SMST traded down $2.99 during trading hours on Thursday, hitting $53.95. The company’s stock had a trading volume of 120,114 shares, compared to its average volume of 386,870. Defiance Daily Target 1.5X Short MSTR ETF has a 12 month low of $21.68 and a 12 month high of $154.16. The business has a 50-day simple moving average of $58.67 and a 200-day simple moving average of $56.26.

Institutional Investors Weigh In On Defiance Daily Target 1.5X Short MSTR ETF

An institutional investor recently bought a new stake in Defiance Daily Target 1.5X Short MSTR ETF stock. Jump Financial LLC bought a new stake in shares of Defiance Daily Target 1.5X Short MSTR ETF (NASDAQ:SMST) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 26,480 shares of the company’s stock, valued at approximately $2,457,000. Jump Financial LLC owned 7.36% of Defiance Daily Target 1.5X Short MSTR ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

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.