Defiance Daily Target 2X Long SMCI ETF Sees Unusually High Options Volume (NASDAQ:SMCX)

Defiance Daily Target 2X Long SMCI ETF (NASDAQ:SMCX) was the recipient of some unusual options trading activity on Monday. Investors bought 2,830 call options on the company. This represents an increase of approximately 58% compared to the average volume of 1,795 call options.

Institutional Investors Weigh In On Defiance Daily Target 2X Long SMCI ETF

An institutional investor recently bought a new stake in Defiance Daily Target 2X Long SMCI ETF stock. Simplex Trading LLC bought a new stake in shares of Defiance Daily Target 2X Long SMCI ETF (NASDAQ:SMCX) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 8,373 shares of the company’s stock, valued at approximately $95,000. Simplex Trading LLC owned approximately 0.05% of Defiance Daily Target 2X Long SMCI ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Defiance Daily Target 2X Long SMCI ETF Stock Down 0.7%

Shares of NASDAQ:SMCX traded down $0.05 during midday trading on Monday, reaching $7.58. The company’s stock had a trading volume of 2,466,353 shares, compared to its average volume of 3,652,982. The firm has a 50 day moving average of $15.34 and a 200-day moving average of $18.69. Defiance Daily Target 2X Long SMCI ETF has a 12-month low of $6.48 and a 12-month high of $151.22.

Defiance Daily Target 2X Long SMCI ETF Company Profile

The Defiance Daily Target 2X Long SMCI ETF (SMCX) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to deliver 2x leveraged exposure to the daily share price movement of Super Micro Computer, Inc (SMCI), less fees and expenses, through derivatives like swap agreements SMCX was launched on Aug 21, 2024 and is issued by Defiance.