Short Interest in The Defiance Quantum ETF (NASDAQ:QTUM) Decreases By 34.8%

The Defiance Quantum ETF (NASDAQ:QTUM) saw a significant decrease in short interest in March. As of March 13th, there was short interest totaling 121,058 shares, a decrease of 34.8% from the February 26th total of 185,608 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average trading volume of 341,356 shares, the short-interest ratio is currently 0.4 days.

Defiance Quantum ETF Trading Down 2.5%

QTUM stock opened at $105.07 on Friday. The stock’s fifty day simple moving average is $114.58 and its two-hundred day simple moving average is $111.35. Defiance Quantum ETF has a 1-year low of $62.70 and a 1-year high of $121.34. The stock has a market cap of $3.30 billion, a P/E ratio of 24.34 and a beta of 1.20.

Defiance Quantum ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, March 26th. Investors of record on Wednesday, March 25th were issued a $0.2236 dividend. The ex-dividend date of this dividend was Wednesday, March 25th.

Hedge Funds Weigh In On Defiance Quantum ETF

Several institutional investors have recently added to or reduced their stakes in QTUM. Van ECK Associates Corp raised its position in Defiance Quantum ETF by 88.4% in the third quarter. Van ECK Associates Corp now owns 243 shares of the company’s stock worth $25,000 after acquiring an additional 114 shares during the period. Gen Wealth Partners Inc grew its position in shares of Defiance Quantum ETF by 51.7% during the 4th quarter. Gen Wealth Partners Inc now owns 320 shares of the company’s stock valued at $35,000 after acquiring an additional 109 shares during the period. Copia Wealth Management increased its stake in shares of Defiance Quantum ETF by 1,016.1% during the 3rd quarter. Copia Wealth Management now owns 346 shares of the company’s stock worth $36,000 after purchasing an additional 315 shares during the last quarter. Luminist Capital LLC purchased a new stake in shares of Defiance Quantum ETF during the 2nd quarter worth approximately $38,000. Finally, Sound Income Strategies LLC bought a new stake in shares of Defiance Quantum ETF in the 4th quarter worth approximately $42,000.

About Defiance Quantum ETF

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.