Short Interest in The Defiance Quantum ETF (NASDAQ:QTUM) Grows By 63.9%

The Defiance Quantum ETF (NASDAQ:QTUM) was the target of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 557,514 shares, a growth of 63.9% from the June 30th total of 340,162 shares. Based on an average trading volume of 414,217 shares, the days-to-cover ratio is currently 1.3 days. Currently, 1.5% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Van ECK Associates Corp raised its stake in Defiance Quantum ETF by 88.4% during the third quarter. Van ECK Associates Corp now owns 243 shares of the company’s stock worth $25,000 after acquiring an additional 114 shares during the period. Gen Wealth Partners Inc grew its holdings in shares of Defiance Quantum ETF by 51.7% during the fourth quarter. Gen Wealth Partners Inc now owns 320 shares of the company’s stock valued at $35,000 after purchasing an additional 109 shares during the last quarter. Sound Income Strategies LLC bought a new position in shares of Defiance Quantum ETF during the fourth quarter valued at approximately $42,000. Sankala Group LLC acquired a new stake in shares of Defiance Quantum ETF during the 4th quarter worth approximately $46,000. Finally, North Star Investment Management Corp. acquired a new stake in shares of Defiance Quantum ETF during the 1st quarter worth approximately $43,000.

Defiance Quantum ETF Trading Up 2.4%

QTUM stock opened at $143.71 on Friday. The stock’s 50 day simple moving average is $154.76 and its 200 day simple moving average is $132.62. Defiance Quantum ETF has a 12-month low of $89.23 and a 12-month high of $170.00. The firm has a market cap of $5.32 billion, a P/E ratio of 24.34 and a beta of 1.34.

Defiance Quantum ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, June 25th. Shareholders of record on Wednesday, June 24th were issued a dividend of $0.2699 per share. This is a positive change from Defiance Quantum ETF’s previous dividend of $0.22. The ex-dividend date of this dividend was Wednesday, June 24th.

About Defiance Quantum ETF

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.