Defiance Daily Target 1.5X Short MSTR ETF (NASDAQ:SMST) Sees Large Increase in Short Interest

Defiance Daily Target 1.5X Short MSTR ETF (NASDAQ:SMST) was the target of a large growth in short interest in October. As of October 30th, there was short interest totaling 2,127,781 shares, a growth of 231.5% from the October 15th total of 641,796 shares. Based on an average daily trading volume, of 1,538,472 shares, the short-interest ratio is presently 1.4 days. Approximately 241.0% of the shares of the stock are sold short.

Defiance Daily Target 1.5X Short MSTR ETF Stock Performance

Shares of NASDAQ:SMST traded up $1.98 during trading on Thursday, hitting $19.23. 1,896,604 shares of the company’s stock were exchanged, compared to its average volume of 686,930. Defiance Daily Target 1.5X Short MSTR ETF has a 52-week low of $10.70 and a 52-week high of $154.16. The business’s 50-day simple moving average is $15.35 and its 200 day simple moving average is $44.63.

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.