The Defiance Quantum ETF (NASDAQ:QTUM) Stock Short Interest Report for October

The Defiance Quantum ETF (NASDAQ:QTUM) was the recipient of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 422,943 shares, a drop of 44.9% from the September 30th total of 768,086 shares. Based on an average trading volume of 359,218 shares, the short-interest ratio is currently 1.2 days. Currently, 1.1% of the shares of the company are sold short.

Institutional Investors Weigh In On Defiance Quantum ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in QTUM. Torren Management LLC acquired a new position in shares of Defiance Quantum ETF in the 3rd quarter valued at approximately $38,000. Busey Bank increased its holdings in shares of Defiance Quantum ETF by 6.8% during the 3rd quarter. Busey Bank now owns 1,358 shares of the company’s stock worth $206,000 after acquiring an additional 86 shares during the last quarter. Kingswood Wealth Advisors LLC boosted its holdings in shares of Defiance Quantum ETF by 9.0% during the 3rd quarter. Kingswood Wealth Advisors LLC now owns 4,958 shares of the company’s stock worth $752,000 after buying an additional 409 shares during the period. Monetary Solutions Ltd boosted its stake in Defiance Quantum ETF by 16.4% in the 3rd quarter. Monetary Solutions Ltd now owns 850 shares of the company’s stock valued at $129,000 after purchasing an additional 120 shares during the period. Finally, Prime Capital Investment Advisors LLC acquired a new stake in Defiance Quantum ETF in the 3rd quarter worth about $578,000.

Defiance Quantum ETF Trading Down 5.2%

Shares of NASDAQ QTUM traded down $7.31 during midday trading on Friday, reaching $133.83. The company’s stock had a trading volume of 625,603 shares, compared to its average volume of 463,426. The company has a 50 day moving average price of $146.95 and a 200 day moving average price of $137.61. Defiance Quantum ETF has a one year low of $98.21 and a one year high of $170.00. The company has a market cap of $5.05 billion, a price-to-earnings ratio of 24.34 and a beta of 1.37.

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.