Investors Purchase Large Volume of Call Options on Defiance Daily Target 2X Long SMCI ETF (NASDAQ:SMCX)

Defiance Daily Target 2X Long SMCI ETF (NASDAQ:SMCX) saw some unusual options trading on Wednesday. Investors bought 2,602 call options on the stock. This represents an increase of approximately 35% compared to the typical daily volume of 1,934 call options.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Defiance Daily Target 2X Long SMCI ETF stock. Simplex Trading LLC bought a new position in shares of Defiance Daily Target 2X Long SMCI ETF (NASDAQ:SMCX) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 8,373 shares of the company’s stock, valued at approximately $95,000. Simplex Trading LLC owned about 0.05% of Defiance Daily Target 2X Long SMCI ETF at the end of the most recent reporting period.

Defiance Daily Target 2X Long SMCI ETF Trading Up 48.2%

Shares of NASDAQ:SMCX traded up $3.11 during trading on Wednesday, reaching $9.56. The stock had a trading volume of 14,136,529 shares, compared to its average volume of 3,864,322. The stock has a fifty day simple moving average of $13.74 and a two-hundred day simple moving average of $17.12. Defiance Daily Target 2X Long SMCI ETF has a 52 week low of $5.46 and a 52 week high of $151.22.

Defiance Daily Target 2X Long SMCI ETF Company Profile

The Defiance Daily Target 2X Long SMCI ETF (SMCX) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to deliver 2x leveraged exposure to the daily share price movement of Super Micro Computer, Inc (SMCI), less fees and expenses, through derivatives like swap agreements SMCX was launched on Aug 21, 2024 and is issued by Defiance.