Defiance Daily Target 2X Long SMCI ETF (NASDAQ:SMCX) Short Interest Up 86.4% in July

Defiance Daily Target 2X Long SMCI ETF (NASDAQ:SMCX) saw a significant increase in short interest in July. As of July 31st, there was short interest totaling 3,770,933 shares, an increase of 86.4% from the July 15th total of 2,023,420 shares. Currently, 18.5% of the company’s shares are short sold. Based on an average trading volume of 7,693,141 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Investors Weigh In On Defiance Daily Target 2X Long SMCI ETF

A hedge fund recently bought a new position in Defiance Daily Target 2X Long SMCI ETF stock. Simplex Trading LLC purchased a new stake in shares of Defiance Daily Target 2X Long SMCI ETF (NASDAQ:SMCX) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 8,373 shares of the company’s stock, valued at approximately $95,000. Simplex Trading LLC owned 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 3.2%

NASDAQ:SMCX opened at $14.05 on Friday. The firm’s fifty day simple moving average is $9.52 and its 200 day simple moving average is $15.24. Defiance Daily Target 2X Long SMCI ETF has a twelve month low of $5.46 and a twelve month high of $114.44.

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.