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

The Defiance Quantum ETF (NASDAQ:QTUM) was the target of a large 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. Approximately 1.5% of the company’s shares are sold short. Based on an average daily trading volume, of 406,191 shares, the short-interest ratio is currently 1.0 days. Based on an average daily trading volume, of 406,191 shares, the short-interest ratio is currently 1.0 days. Approximately 1.5% of the company’s shares are sold short.

Defiance Quantum ETF Stock Up 0.2%

Shares of NASDAQ:QTUM traded up $0.24 during midday trading on Tuesday, reaching $110.71. 367,680 shares of the company were exchanged, compared to its average volume of 447,980. The firm has a market cap of $3.05 billion, a PE ratio of 24.34 and a beta of 1.20. The stock has a fifty day simple moving average of $110.10 and a two-hundred day simple moving average of $101.72. Defiance Quantum ETF has a fifty-two week low of $62.70 and a fifty-two week high of $115.90.

Defiance Quantum ETF Dividend Announcement

The company also recently declared a dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, December 29th will be paid a $0.4452 dividend. The ex-dividend date is Monday, December 29th.

Hedge Funds Weigh In On Defiance Quantum ETF

A number of institutional investors and hedge funds have recently modified their holdings of the business. Ameriflex Group Inc. grew its holdings in shares of Defiance Quantum ETF by 602.0% during the second quarter. Ameriflex Group Inc. now owns 1,404 shares of the company’s stock valued at $128,000 after buying an additional 1,204 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in Defiance Quantum ETF during the second quarter valued at about $37,000. Comprehensive Financial Planning Inc. PA purchased a new stake in shares of Defiance Quantum ETF during the 2nd quarter worth approximately $334,000. Nova Wealth Management Inc. purchased a new stake in Defiance Quantum ETF in the 1st quarter worth about $402,000. Finally, Fiduciary Alliance LLC lifted its stake in shares of Defiance Quantum ETF by 6.1% during the 2nd quarter. Fiduciary Alliance LLC now owns 3,516 shares of the company’s stock valued at $323,000 after buying an additional 203 shares in the last quarter.

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.