Defiance Daily Target 1.5X Short MSTR ETF (NASDAQ:SMST) Trading Up 13.3% – Should You Buy?

Defiance Daily Target 1.5X Short MSTR ETF (NASDAQ:SMST)’s stock price was up 13.3% during mid-day trading on Friday . The stock traded as high as $55.19 and last traded at $50.77. Approximately 529,286 shares were traded during mid-day trading, an increase of 23% from the average daily volume of 429,672 shares. The stock had previously closed at $44.82.

Defiance Daily Target 1.5X Short MSTR ETF Stock Up 13.3%

The company has a 50 day moving average price of $40.79 and a 200-day moving average price of $62.23.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Defiance Daily Target 1.5X Short MSTR ETF stock. Jump Financial LLC acquired a new position in Defiance Daily Target 1.5X Short MSTR ETF (NASDAQ:SMST) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 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 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.