Defiance Daily Target 1.5X Short MSTR ETF (NASDAQ:SMST) Shares Down 7% – Here’s What Happened

Defiance Daily Target 1.5X Short MSTR ETF (NASDAQ:SMST) was down 7% during trading on Thursday . The stock traded as low as $72.12 and last traded at $72.65. Approximately 322,363 shares traded hands during mid-day trading, a decline of 33% from the average daily volume of 482,911 shares. The stock had previously closed at $78.15.

Defiance Daily Target 1.5X Short MSTR ETF Stock Down 2.4%

The business’s fifty day moving average is $81.55 and its two-hundred day moving average is $54.32.

Institutional Trading of Defiance Daily Target 1.5X Short MSTR ETF

An institutional investor recently bought a new position in Defiance Daily Target 1.5X Short MSTR ETF stock. Jump Financial LLC bought a new stake 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 Securities and Exchange Commission. The fund bought 26,480 shares of the company’s stock, valued at approximately $2,457,000. Jump Financial LLC owned about 7.36% of Defiance Daily Target 1.5X Short MSTR ETF as of its most recent filing with the Securities and Exchange Commission.

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.