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

Defiance Daily Target 1.5X Short MSTR ETF (NASDAQ:SMST) was the recipient of a large decrease in short interest in May. As of May 29th, there was short interest totaling 114,420 shares, a decrease of 60.1% from the May 14th total of 286,844 shares. Based on an average trading volume of 351,705 shares, the short-interest ratio is currently 0.3 days. Currently, 10.6% of the company’s shares are short sold.

Defiance Daily Target 1.5X Short MSTR ETF Price Performance

SMST traded down $2.92 during mid-day trading on Friday, hitting $46.30. 388,288 shares of the stock were exchanged, compared to its average volume of 427,673. The firm’s fifty day moving average is $39.19 and its two-hundred day moving average is $61.50. Defiance Daily Target 1.5X Short MSTR ETF has a 1-year low of $17.59 and a 1-year high of $154.16.

Hedge Funds 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 bought a new position in shares of Defiance Daily Target 1.5X Short MSTR ETF (NASDAQ:SMST) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 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 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.