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 target of a large decrease in short interest in July. As of July 15th, there was short interest totaling 11,650 shares, a decrease of 34.7% from the June 30th total of 17,828 shares. Approximately 2.6% of the shares of the stock are sold short. Based on an average daily volume of 275,956 shares, the days-to-cover ratio is presently 0.0 days.

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

Defiance Daily Target 1.5X Short MSTR ETF Stock Down 9.1%

NASDAQ SMST opened at $55.00 on Friday. The firm’s fifty day moving average price is $54.88 and its two-hundred day moving average price is $57.24. Defiance Daily Target 1.5X Short MSTR ETF has a fifty-two week low of $19.78 and a fifty-two week high of $154.16.

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.