The Defiance Quantum ETF (NASDAQ:QTUM) Sees Large Increase in Short Interest

The Defiance Quantum ETF (NASDAQ:QTUM) saw a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 1,041,778 shares, a growth of 106.2% from the July 30th total of 505,253 shares. Currently, 2.8% of the company’s shares are sold short. Based on an average trading volume of 385,091 shares, the days-to-cover ratio is currently 2.7 days.

Hedge Funds Weigh In On Defiance Quantum ETF

A number of hedge funds have recently made changes to their positions in the business. Compass Financial Management LLC purchased a new stake in Defiance Quantum ETF during the 2nd quarter worth $3,290,000. Wedbush Securities Inc. acquired a new position in shares of Defiance Quantum ETF during the second quarter worth about $1,938,000. TOP Private Wealth LLC. purchased a new position in Defiance Quantum ETF in the 2nd quarter worth approximately $2,703,000. Janney Montgomery Scott LLC grew its position in Defiance Quantum ETF by 25.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 50,154 shares of the company’s stock valued at $5,500,000 after acquiring an additional 10,027 shares in the last quarter. Finally, NewEdge Advisors LLC raised its stake in shares of Defiance Quantum ETF by 72.9% during the second quarter. NewEdge Advisors LLC now owns 22,321 shares of the company’s stock valued at $2,049,000 after purchasing an additional 9,411 shares during the period.

Defiance Quantum ETF Stock Performance

Shares of NASDAQ:QTUM opened at $148.23 on Friday. Defiance Quantum ETF has a 1 year low of $92.28 and a 1 year high of $170.00. The stock has a market capitalization of $5.47 billion, a P/E ratio of 24.34 and a beta of 1.36. The stock has a 50-day simple moving average of $150.93 and a 200-day simple moving average of $137.52.

Defiance Quantum ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, June 25th. Shareholders of record on Wednesday, June 24th were paid a dividend of $0.2699 per share. This is an increase from Defiance Quantum ETF’s previous dividend of $0.22. The ex-dividend date was Wednesday, June 24th.

Defiance Quantum ETF Company Profile

The Defiance Quantum ETF (QTUM) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks an adjusted-equal-weighted index of companies involved in the research and development of quantum computers. QTUM was launched on Sep 5, 2018 and is managed by Defiance.