Defiance Daily Target 2X Short SMCI ETF (NASDAQ:SMCZ) Sees Large Drop in Short Interest

Defiance Daily Target 2X Short SMCI ETF (NASDAQ:SMCZ) was the target of a significant drop in short interest in August. As of August 31st, there was short interest totaling 1,576,887 shares, a drop of 52.2% from the August 15th total of 3,299,420 shares. Based on an average daily trading volume, of 3,867,198 shares, the days-to-cover ratio is currently 0.4 days. Currently, 142.1% of the shares of the stock are short sold.

Institutional Trading of Defiance Daily Target 2X Short SMCI ETF

A hedge fund recently bought a new stake in Defiance Daily Target 2X Short SMCI ETF stock. Concurrent Investment Advisors LLC bought a new position in shares of Defiance Daily Target 2X Short SMCI ETF (NASDAQ:SMCZ) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 15,218 shares of the company’s stock, valued at approximately $137,000. Concurrent Investment Advisors LLC owned approximately 1.37% of Defiance Daily Target 2X Short SMCI ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Defiance Daily Target 2X Short SMCI ETF Price Performance

Defiance Daily Target 2X Short SMCI ETF stock traded up $0.27 during midday trading on Tuesday, hitting $6.42. The company’s stock had a trading volume of 594,099 shares, compared to its average volume of 733,526. Defiance Daily Target 2X Short SMCI ETF has a 12 month low of $5.02 and a 12 month high of $133.40. The stock’s 50-day moving average price is $11.68 and its 200-day moving average price is $35.47.

Defiance Daily Target 2X Short SMCI ETF Company Profile

The Tidal Trust Ii – Defiance Daily Target 2x Short Smci ETF (SMCZ) is an exchange-traded fund that trades on the NASDAQ exchange in the United States.