The Defiance Quantum ETF (NASDAQ:QTUM) Shares Shorted: Short Interest Up 67.6% in September

The Defiance Quantum ETF (NASDAQ:QTUM) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 768,086 shares, an increase of 67.6% from the September 15th total of 458,247 shares. Based on an average trading volume of 280,884 shares, the short-interest ratio is currently 2.7 days. Approximately 2.1% of the shares of the stock are sold short.

Defiance Quantum ETF Stock Up 0.1%

Defiance Quantum ETF stock opened at $141.94 on Friday. Defiance Quantum ETF has a 12-month low of $98.21 and a 12-month high of $170.00. The business’s 50-day moving average price is $150.19 and its two-hundred day moving average price is $146.22. The stock has a market cap of $5.37 billion, a PE ratio of 24.34 and a beta of 1.37.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Compass Financial Management LLC acquired a new stake in shares of Defiance Quantum ETF in the second quarter valued at about $3,290,000. Wedbush Securities Inc. bought a new position in shares of Defiance Quantum ETF during the second quarter worth about $1,938,000. TOP Private Wealth LLC. acquired a new position in shares of Defiance Quantum ETF in the second quarter worth approximately $2,703,000. Farther Finance Advisors LLC lifted its stake in shares of Defiance Quantum ETF by 25.7% in the third quarter. Farther Finance Advisors LLC now owns 23,457 shares of the company’s stock worth $3,556,000 after acquiring an additional 4,790 shares during the period. Finally, Vision Retirement LLC lifted its stake in shares of Defiance Quantum ETF by 97.7% in the first quarter. Vision Retirement LLC now owns 8,984 shares of the company’s stock worth $964,000 after acquiring an additional 4,440 shares during the period.

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.