Defiance Daily Target 1.5X Short MSTR ETF (NASDAQ:SMST) Short Interest Update

Defiance Daily Target 1.5X Short MSTR ETF (NASDAQ:SMST) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 112,446 shares, a growth of 865.2% from the July 15th total of 11,650 shares. Currently, 22.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 238,076 shares, the short-interest ratio is presently 0.5 days.

Hedge Funds Weigh In On Defiance Daily Target 1.5X Short MSTR ETF

A hedge fund recently bought a new position in Defiance Daily Target 1.5X Short MSTR ETF stock. Jump Financial LLC purchased a new stake in shares of Defiance Daily Target 1.5X Short MSTR ETF (NASDAQ:SMST) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 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 as of its most recent filing with the SEC.

Defiance Daily Target 1.5X Short MSTR ETF Stock Down 0.9%

NASDAQ SMST traded down $0.48 during trading hours on Wednesday, hitting $55.21. 59,854 shares of the company’s stock traded hands, compared to its average volume of 387,617. The firm’s 50-day moving average is $58.46 and its 200-day moving average is $56.39. Defiance Daily Target 1.5X Short MSTR ETF has a 52-week low of $21.41 and a 52-week high of $154.16.

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.