Short Interest in Defiance Daily Target 1.5X Short MSTR ETF (NASDAQ:SMST) Declines By 75.0%

Defiance Daily Target 1.5X Short MSTR ETF (NASDAQ:SMST) saw a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 17,828 shares, a drop of 75.0% from the June 15th total of 71,355 shares. Approximately 3.9% of the shares of the company are short sold. Based on an average daily volume of 378,234 shares, the short-interest ratio is currently 0.0 days.

Institutional Trading of Defiance Daily Target 1.5X Short MSTR ETF

A hedge fund recently bought a new stake 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) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 26,480 shares of the company’s stock, valued at approximately $2,457,000. Jump Financial LLC owned 7.36% of Defiance Daily Target 1.5X Short MSTR ETF at the end of the most recent quarter.

Defiance Daily Target 1.5X Short MSTR ETF Stock Down 1.7%

SMST traded down $1.08 during trading on Friday, reaching $63.51. 290,366 shares of the company’s stock were exchanged, compared to its average volume of 418,575. Defiance Daily Target 1.5X Short MSTR ETF has a fifty-two week low of $17.59 and a fifty-two week high of $154.16. The business has a 50 day moving average price of $45.67 and a 200 day moving average price of $59.80.

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.