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

Defiance Daily Target 1.5X Short MSTR ETF (NASDAQ:SMST) was the recipient of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 17,828 shares, a drop of 75.0% from the June 15th total of 71,355 shares. Approximately 3.9% of the shares of the stock are short sold. Based on an average daily volume of 378,234 shares, the short-interest ratio is presently 0.0 days.

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

An institutional investor recently bought a new stake in Defiance Daily Target 1.5X Short MSTR ETF stock. Jump Financial LLC bought a new position in Defiance Daily Target 1.5X Short MSTR ETF (NASDAQ:SMST) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 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 and Exchange Commission.

Defiance Daily Target 1.5X Short MSTR ETF Trading Up 5.2%

Shares of SMST traded up $3.30 during mid-day trading on Monday, reaching $66.81. The company had a trading volume of 115,493 shares, compared to its average volume of 416,263. Defiance Daily Target 1.5X Short MSTR ETF has a twelve month low of $17.59 and a twelve month high of $154.16. The company’s 50-day moving average is $46.37 and its 200-day moving average is $59.67.

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.