Defiance Daily Target 1.5X Short MSTR ETF (NASDAQ:SMST) Stock Short Interest Falls 79.5%

Defiance Daily Target 1.5X Short MSTR ETF (NASDAQ:SMST) was the target of a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 86,664 shares, a decline of 79.5% from the September 15th total of 423,684 shares. Based on an average trading volume of 2,143,410 shares, the days-to-cover ratio is presently 0.0 days. Currently, 4.9% of the shares of the company are sold short.

Defiance Daily Target 1.5X Short MSTR ETF Trading Down 4.2%

Shares of NASDAQ:SMST traded down $0.56 during trading on Friday, hitting $12.84. 1,184,375 shares of the company were exchanged, compared to its average volume of 597,522. Defiance Daily Target 1.5X Short MSTR ETF has a 52-week low of $10.70 and a 52-week high of $154.16. The stock has a 50 day moving average of $28.32 and a 200 day moving average of $42.10.

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.