Defiance Daily Target 1.5X Short MSTR ETF (NASDAQ:SMST) Sees Large Increase in Short Interest

Defiance Daily Target 1.5X Short MSTR ETF (NASDAQ:SMST) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 654,522 shares, an increase of 595.9% from the August 15th total of 94,058 shares. Based on an average daily volume of 853,135 shares, the short-interest ratio is presently 0.8 days. Currently, 128.3% of the company’s stock are sold short.

Defiance Daily Target 1.5X Short MSTR ETF Price Performance

Defiance Daily Target 1.5X Short MSTR ETF stock opened at $22.35 on Friday. Defiance Daily Target 1.5X Short MSTR ETF has a 1-year low of $17.91 and a 1-year high of $154.16. The business has a fifty day moving average price of $47.35 and a 200-day moving average price of $48.67.

Institutional Investors 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 position in shares of Defiance Daily Target 1.5X Short MSTR ETF (NASDAQ:SMST) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 26,480 shares of the company’s stock, valued at approximately $2,457,000. Jump Financial LLC owned about 7.36% of Defiance Daily Target 1.5X Short MSTR ETF as of its most recent filing with the Securities & Exchange Commission.

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.