Short Interest in Defiance Daily Target 1.5X Short MSTR ETF (NASDAQ:SMST) Decreases By 37.6%

Defiance Daily Target 1.5X Short MSTR ETF (NASDAQ:SMST) saw a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 71,355 shares, a drop of 37.6% from the May 31st total of 114,420 shares. Based on an average trading volume of 428,636 shares, the short-interest ratio is presently 0.2 days. Currently, 6.6% of the shares of the company are short sold.

Defiance Daily Target 1.5X Short MSTR ETF Trading Down 16.9%

SMST stock traded down $11.34 during trading on Thursday, reaching $55.77. The company’s stock had a trading volume of 370,045 shares, compared to its average volume of 422,499. Defiance Daily Target 1.5X Short MSTR ETF has a 1 year low of $17.59 and a 1 year high of $154.16. The company’s fifty day moving average is $41.64 and its 200-day moving average is $60.82.

Hedge Funds Weigh In On 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 shares of Defiance Daily Target 1.5X Short MSTR ETF (NASDAQ:SMST) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 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 filing with the Securities & Exchange Commission.

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.