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

Defiance Daily Target 1.5X Short MSTR ETF (NASDAQ:SMST) saw a significant increase in short interest in April. As of April 30th, there was short interest totaling 73,462 shares, an increase of 131.8% from the April 15th total of 31,692 shares. Currently, 6.8% of the company’s stock are short sold. Based on an average trading volume of 464,085 shares, the short-interest ratio is presently 0.2 days.

Defiance Daily Target 1.5X Short MSTR ETF Price Performance

SMST traded up $2.37 during trading on Friday, hitting $25.86. The stock had a trading volume of 644,654 shares, compared to its average volume of 432,323. Defiance Daily Target 1.5X Short MSTR ETF has a twelve month low of $17.59 and a twelve month high of $154.16. The stock has a 50 day simple moving average of $46.92 and a two-hundred day simple moving average of $63.18.

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

A hedge fund recently bought a new stake in Defiance Daily Target 1.5X Short MSTR ETF stock. Jump Financial LLC acquired a new position in shares of Defiance Daily Target 1.5X Short MSTR ETF (NASDAQ:SMST) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 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 at the end of the most recent quarter.

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.