Defiance Daily Target 2X Long SMCI ETF (NASDAQ:SMCX) Short Interest Update

Defiance Daily Target 2X Long SMCI ETF (NASDAQ:SMCX) saw a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 835,454 shares, a decline of 33.4% from the May 14th total of 1,254,566 shares. Based on an average daily volume of 2,711,790 shares, the days-to-cover ratio is currently 0.3 days. Currently, 9.4% of the shares of the stock are sold short.

Defiance Daily Target 2X Long SMCI ETF Stock Up 2.5%

Shares of SMCX opened at $10.52 on Tuesday. Defiance Daily Target 2X Long SMCI ETF has a 52-week low of $6.48 and a 52-week high of $151.22. The firm’s fifty day moving average is $15.69 and its two-hundred day moving average is $20.95.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. HRT Financial LP purchased a new position in shares of Defiance Daily Target 2X Long SMCI ETF during the 4th quarter worth $228,000. Simplex Trading LLC purchased a new position in shares of Defiance Daily Target 2X Long SMCI ETF during the 4th quarter worth $95,000. Finally, Optiver Holding B.V. raised its holdings in shares of Defiance Daily Target 2X Long SMCI ETF by 306.7% during the 3rd quarter. Optiver Holding B.V. now owns 27,354 shares of the company’s stock worth $1,063,000 after acquiring an additional 20,628 shares during the period.

Defiance Daily Target 2X Long SMCI ETF Company Profile

The Defiance Daily Target 2X Long SMCI ETF (SMCX) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to deliver 2x leveraged exposure to the daily share price movement of Super Micro Computer, Inc (SMCI), less fees and expenses, through derivatives like swap agreements SMCX was launched on Aug 21, 2024 and is issued by Defiance.