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

Defiance Daily Target 1.5X Short MSTR ETF (NASDAQ:SMST) was the target of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 73,462 shares, a growth of 131.8% from the April 15th total of 31,692 shares. Based on an average daily trading volume, of 464,085 shares, the short-interest ratio is presently 0.2 days. Currently, 6.8% of the shares of the company are sold short.

Defiance Daily Target 1.5X Short MSTR ETF Trading Up 10.1%

Shares of NASDAQ:SMST traded up $2.37 on Friday, hitting $25.86. 644,654 shares of the company were exchanged, compared to its average volume of 432,323. Defiance Daily Target 1.5X Short MSTR ETF has a 1-year low of $17.59 and a 1-year high of $154.16. The stock’s 50 day moving average price is $46.92 and its 200 day moving average price is $63.18.

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

A hedge fund recently bought a new stake in Defiance Daily Target 1.5X Short MSTR ETF stock. Jump Financial LLC acquired a new position in shares of Defiance Daily Target 1.5X Short MSTR ETF (NASDAQ:SMST) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 26,480 shares of the company’s stock, valued at approximately $2,457,000. Jump Financial LLC owned 7.36% of Defiance Daily Target 1.5X Short MSTR ETF at the end of the most recent quarter.

About Defiance Daily Target 1.5X Short MSTR ETF

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.