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

Defiance Daily Target 1.5X Short MSTR ETF Stock Up 8.2%

Shares of SMST stock opened at $59.51 on Friday. The business’s fifty day moving average price is $55.45 and its 200 day moving average price is $57.26. Defiance Daily Target 1.5X Short MSTR ETF has a 1-year low of $19.78 and a 1-year high of $154.16.

Institutional Investors Weigh In On Defiance Daily Target 1.5X Short MSTR ETF

An institutional investor recently bought a new stake in Defiance Daily Target 1.5X Short MSTR ETF stock. Jump Financial LLC purchased a new stake in Defiance Daily Target 1.5X Short MSTR ETF (NASDAQ:SMST) in the fourth quarter, according to the company in its most recent filing with the SEC. 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 as of its most recent SEC filing.

About Defiance Daily Target 1.5X Short MSTR ETF

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.