Defiance Daily Target 2X Long SMCI ETF (NASDAQ:SMCX) Stock Price Down 4.9% – Time to Sell?

Defiance Daily Target 2X Long SMCI ETF (NASDAQ:SMCX)’s stock price dropped 4.9% during mid-day trading on Friday . The company traded as low as $12.55 and last traded at $12.86. Approximately 3,851,414 shares changed hands during trading, an increase of 5% from the average daily volume of 3,662,812 shares. The stock had previously closed at $13.52.

Defiance Daily Target 2X Long SMCI ETF Trading Down 4.9%

The company’s 50-day moving average is $14.07 and its 200-day moving average is $31.89.

Institutional Trading of Defiance Daily Target 2X Long SMCI ETF

An institutional investor recently raised its position in Defiance Daily Target 2X Long SMCI ETF stock. Optiver Holding B.V. grew its holdings in shares of Defiance Daily Target 2X Long SMCI ETF (NASDAQ:SMCX) by 306.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,354 shares of the company’s stock after acquiring an additional 20,628 shares during the quarter. Optiver Holding B.V. owned 0.48% of Defiance Daily Target 2X Long SMCI ETF worth $1,063,000 at the end of the most recent quarter.

Defiance Daily Target 2X Long SMCI ETF Company Profile

The Defiance Daily Target 2X Long SMCI ETF (SMCX) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to deliver 2x leveraged exposure to the daily share price movement of Super Micro Computer, Inc (SMCI), less fees and expenses, through derivatives like swap agreements SMCX was launched on Aug 21, 2024 and is issued by Defiance.