Short Interest in The Defiance Quantum ETF (NASDAQ:QTUM) Decreases By 25.3%

The Defiance Quantum ETF (NASDAQ:QTUM) was the target of a significant decrease in short interest in December. As of December 15th, there was short interest totaling 423,389 shares, a decrease of 25.3% from the November 30th total of 566,578 shares. Based on an average trading volume of 406,191 shares, the days-to-cover ratio is currently 1.0 days. Currently, 1.5% of the shares of the stock are short sold. Currently, 1.5% of the shares of the stock are short sold. Based on an average trading volume of 406,191 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Investors Weigh In On Defiance Quantum ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Van ECK Associates Corp lifted its stake in Defiance Quantum ETF by 88.4% during the third quarter. Van ECK Associates Corp now owns 243 shares of the company’s stock valued at $25,000 after buying an additional 114 shares in the last quarter. Fiduciary Alliance LLC increased its position in shares of Defiance Quantum ETF by 6.1% during the second quarter. Fiduciary Alliance LLC now owns 3,516 shares of the company’s stock valued at $323,000 after purchasing an additional 203 shares during the period. Provenance Wealth Advisors LLC lifted its stake in Defiance Quantum ETF by 3.1% during the third quarter. Provenance Wealth Advisors LLC now owns 6,995 shares of the company’s stock worth $734,000 after purchasing an additional 210 shares during the period. Parallel Advisors LLC increased its position in shares of Defiance Quantum ETF by 289.0% during the 2nd quarter. Parallel Advisors LLC now owns 389 shares of the company’s stock worth $36,000 after purchasing an additional 289 shares in the last quarter. Finally, Huntington National Bank raised its position in Defiance Quantum ETF by 83.8% in the 3rd quarter. Huntington National Bank now owns 669 shares of the company’s stock valued at $70,000 after purchasing an additional 305 shares during the last quarter.

Defiance Quantum ETF Stock Performance

Defiance Quantum ETF stock traded up $0.24 during trading on Tuesday, reaching $110.71. The company had a trading volume of 367,680 shares, compared to its average volume of 447,980. The stock’s 50 day moving average price is $110.10 and its two-hundred day moving average price is $101.72. Defiance Quantum ETF has a 12-month low of $62.70 and a 12-month high of $115.90. The firm has a market capitalization of $3.05 billion, a price-to-earnings ratio of 24.34 and a beta of 1.20.

Defiance Quantum ETF Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, December 29th will be paid a dividend of $0.4452 per share. The ex-dividend date is Monday, December 29th.

Defiance Quantum ETF Company Profile

The Defiance Quantum ETF (QTUM) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks an adjusted-equal-weighted index of companies involved in the research and development of quantum computers. QTUM was launched on Sep 5, 2018 and is managed by Defiance.