Defiance Daily Target 2X Long SMCI ETF (NASDAQ:SMCX) Stock Price Down 5.6% – Here’s Why

Defiance Daily Target 2X Long SMCI ETF (NASDAQ:SMCX)’s share price was down 5.6% on Thursday . The stock traded as low as $10.97 and last traded at $11.05. Approximately 1,811,310 shares changed hands during mid-day trading, a decline of 45% from the average daily volume of 3,290,921 shares. The stock had previously closed at $11.70.

Defiance Daily Target 2X Long SMCI ETF Stock Down 1.3%

The stock’s fifty day simple moving average is $12.05 and its 200-day simple moving average is $22.99.

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

Institutional investors have recently made changes to their positions in the stock. Simplex Trading LLC acquired a new stake in Defiance Daily Target 2X Long SMCI ETF during the fourth quarter worth approximately $95,000. HRT Financial LP acquired a new position in Defiance Daily Target 2X Long SMCI ETF in the 4th quarter valued at $228,000. Finally, Optiver Holding B.V. lifted its position in shares of Defiance Daily Target 2X Long SMCI ETF by 306.7% during the 3rd quarter. Optiver Holding B.V. now owns 27,354 shares of the company’s stock valued at $1,063,000 after acquiring an additional 20,628 shares during the period.

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.