The Defiance Quantum ETF (NASDAQ:QTUM) Short Interest Down 34.8% in March

The Defiance Quantum ETF (NASDAQ:QTUM) saw a large decline in short interest in the month of March. As of March 13th, there was short interest totaling 121,058 shares, a decline of 34.8% from the February 26th total of 185,608 shares. Based on an average daily volume of 341,356 shares, the short-interest ratio is currently 0.4 days. Approximately 0.4% of the shares of the company are sold short.

Institutional Investors Weigh In On Defiance Quantum ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Van ECK Associates Corp grew its stake in Defiance Quantum ETF by 88.4% in the 3rd quarter. Van ECK Associates Corp now owns 243 shares of the company’s stock valued at $25,000 after acquiring an additional 114 shares during the last quarter. Gen Wealth Partners Inc raised its position in Defiance Quantum ETF by 51.7% during the fourth quarter. Gen Wealth Partners Inc now owns 320 shares of the company’s stock worth $35,000 after acquiring an additional 109 shares during the last quarter. Copia Wealth Management raised its position in Defiance Quantum ETF by 1,016.1% during the third quarter. Copia Wealth Management now owns 346 shares of the company’s stock worth $36,000 after acquiring an additional 315 shares during the last quarter. Luminist Capital LLC purchased a new stake in shares of Defiance Quantum ETF in the second quarter valued at about $38,000. Finally, Sound Income Strategies LLC acquired a new stake in shares of Defiance Quantum ETF in the fourth quarter valued at approximately $42,000.

Defiance Quantum ETF Price Performance

Shares of QTUM stock traded down $2.91 during trading hours on Monday, reaching $102.16. 390,580 shares of the company’s stock were exchanged, compared to its average volume of 386,231. The company’s 50 day moving average is $114.58 and its two-hundred day moving average is $111.54. The company has a market cap of $3.21 billion, a P/E ratio of 24.34 and a beta of 1.20. Defiance Quantum ETF has a 1 year low of $62.70 and a 1 year high of $121.34.

Defiance Quantum ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, March 26th. Investors of record on Wednesday, March 25th were issued a dividend of $0.2236 per share. The ex-dividend date of this dividend was Wednesday, March 25th.

About Defiance Quantum ETF

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.