The Defiance Quantum ETF (NASDAQ:QTUM) Short Interest Up 106.2% in August

The Defiance Quantum ETF (NASDAQ:QTUM) saw a significant increase in short interest in August. As of August 14th, there was short interest totaling 1,041,778 shares, an increase of 106.2% from the July 30th total of 505,253 shares. Currently, 2.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 385,091 shares, the short-interest ratio is currently 2.7 days.

Defiance Quantum ETF Price Performance

QTUM stock opened at $148.23 on Monday. The stock has a market capitalization of $5.47 billion, a PE ratio of 24.34 and a beta of 1.36. Defiance Quantum ETF has a fifty-two week low of $92.28 and a fifty-two week high of $170.00. The company has a 50 day moving average price of $150.93 and a 200 day moving average price of $137.65.

Defiance Quantum ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, June 25th. Stockholders of record on Wednesday, June 24th were given a dividend of $0.2699 per share. This is an increase from Defiance Quantum ETF’s previous dividend of $0.22. The ex-dividend date of this dividend was Wednesday, June 24th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Vision Retirement LLC raised its holdings in shares of Defiance Quantum ETF by 97.7% during the 1st quarter. Vision Retirement LLC now owns 8,984 shares of the company’s stock worth $964,000 after buying an additional 4,440 shares in the last quarter. Financial Freedom LLC raised its position in Defiance Quantum ETF by 29.8% during the 4th quarter. Financial Freedom LLC now owns 21,358 shares of the company’s stock worth $2,342,000 after purchasing an additional 4,909 shares during the last quarter. Western Wealth Management LLC raised its holdings in Defiance Quantum ETF by 24.4% during the 4th quarter. Western Wealth Management LLC now owns 23,942 shares of the company’s stock worth $2,625,000 after purchasing an additional 4,702 shares during the last quarter. Fiduciary Alliance LLC raised its position in shares of Defiance Quantum ETF by 147.7% in the 1st quarter. Fiduciary Alliance LLC now owns 6,803 shares of the company’s stock worth $730,000 after acquiring an additional 4,057 shares in the last quarter. Finally, Compass Financial Management LLC acquired a new position in Defiance Quantum ETF in the second quarter valued at approximately $3,290,000.

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.