Defiance Daily Target 1.5X Short MSTR ETF (NASDAQ:SMST) Short Interest Up 131.8% in April

Defiance Daily Target 1.5X Short MSTR ETF (NASDAQ:SMST) was the recipient of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 73,462 shares, an increase of 131.8% from the April 15th total of 31,692 shares. Based on an average daily trading volume, of 464,085 shares, the short-interest ratio is presently 0.2 days. Currently, 6.8% of the company’s shares are sold short.

Institutional Investors Weigh In On Defiance Daily Target 1.5X Short MSTR ETF

An institutional investor recently bought a new position in Defiance Daily Target 1.5X Short MSTR ETF stock. Jump Financial LLC acquired a new stake in Defiance Daily Target 1.5X Short MSTR ETF (NASDAQ:SMST) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 26,480 shares of the company’s stock, valued at approximately $2,457,000. Jump Financial LLC owned approximately 7.36% of Defiance Daily Target 1.5X Short MSTR ETF at the end of the most recent quarter.

Defiance Daily Target 1.5X Short MSTR ETF Trading Up 10.1%

Shares of NASDAQ:SMST traded up $2.37 during trading on Friday, hitting $25.86. 644,654 shares of the company’s stock traded hands, compared to its average volume of 432,323. Defiance Daily Target 1.5X Short MSTR ETF has a 52 week low of $17.59 and a 52 week high of $154.16. The company has a 50-day moving average price of $46.92 and a 200-day moving average price of $63.18.

Defiance Daily Target 1.5X Short MSTR ETF Company Profile

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.