The Defiance Quantum ETF (NASDAQ:QTUM) Sees Significant Drop in Short Interest

The Defiance Quantum ETF (NASDAQ:QTUM) was the target of a significant drop in short interest in January. As of January 15th, there was short interest totaling 234,093 shares, a drop of 37.7% from the December 31st total of 375,756 shares. Approximately 0.8% of the shares of the stock are short sold. Based on an average trading volume of 505,387 shares, the days-to-cover ratio is presently 0.5 days. Based on an average trading volume of 505,387 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.8% of the shares of the stock are short sold.

Defiance Quantum ETF Stock Performance

Shares of QTUM opened at $119.09 on Friday. The stock has a 50 day moving average price of $113.14 and a 200 day moving average price of $105.66. Defiance Quantum ETF has a one year low of $62.70 and a one year high of $121.34. The stock has a market capitalization of $3.72 billion, a price-to-earnings ratio of 24.34 and a beta of 1.20.

Defiance Quantum ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 30th. Stockholders of record on Monday, December 29th were given a $0.4452 dividend. The ex-dividend date was Monday, December 29th.

Institutional Trading of Defiance Quantum ETF

Several large investors have recently bought and sold shares of the business. Quadrature Capital Ltd raised its holdings in Defiance Quantum ETF by 316.0% in the 3rd quarter. Quadrature Capital Ltd now owns 222,448 shares of the company’s stock valued at $23,333,000 after acquiring an additional 168,976 shares during the last quarter. Ethos Financial Group LLC acquired a new stake in shares of Defiance Quantum ETF in the second quarter valued at approximately $9,510,000. Flow Traders U.S. LLC acquired a new stake in shares of Defiance Quantum ETF in the third quarter valued at approximately $8,158,000. Strategic Blueprint LLC lifted its position in Defiance Quantum ETF by 653.4% during the third quarter. Strategic Blueprint LLC now owns 30,408 shares of the company’s stock worth $3,190,000 after buying an additional 26,372 shares in the last quarter. Finally, Western Wealth Management LLC boosted its stake in Defiance Quantum ETF by 462.2% during the third quarter. Western Wealth Management LLC now owns 19,240 shares of the company’s stock worth $2,018,000 after buying an additional 15,818 shares during the last quarter.

Defiance Quantum ETF Company Profile

The Defiance Quantum ETF (QTUM) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks an adjusted-equal-weighted index of companies involved in the research and development of quantum computers. QTUM was launched on Sep 5, 2018 and is managed by Defiance.