Defiance Daily Target 1.5X Short MSTR ETF (NASDAQ:SMST) Short Interest Down 60.1% in May

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

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

Defiance Daily Target 1.5X Short MSTR ETF Stock Down 5.9%

Shares of SMST traded down $2.92 during mid-day trading on Friday, hitting $46.30. 388,288 shares of the stock were exchanged, compared to its average volume of 427,673. Defiance Daily Target 1.5X Short MSTR ETF has a 52-week low of $17.59 and a 52-week high of $154.16. The firm has a 50-day moving average of $39.19 and a two-hundred day moving average of $61.50.

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.