Defiance Daily Target 1.5X Short MSTR ETF (NASDAQ:SMST) Short Interest Update

Defiance Daily Target 1.5X Short MSTR ETF (NASDAQ:SMST) was the recipient of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 71,355 shares, a decrease of 37.6% from the May 31st total of 114,420 shares. Approximately 6.6% of the company’s stock are sold short. Based on an average daily trading volume, of 428,636 shares, the short-interest ratio is currently 0.2 days.

Defiance Daily Target 1.5X Short MSTR ETF Trading Down 15.8%

NASDAQ:SMST opened at $56.51 on Friday. The company’s 50 day moving average price is $42.09 and its 200-day moving average price is $60.71. Defiance Daily Target 1.5X Short MSTR ETF has a 52 week low of $17.59 and a 52 week high of $154.16.

Institutional Trading of 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 Defiance Daily Target 1.5X Short MSTR ETF (NASDAQ:SMST) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm 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.