Defiance Daily Target 1.5X Short MSTR ETF (NASDAQ:SMST) Sees Large Increase in Short Interest

Defiance Daily Target 1.5X Short MSTR ETF (NASDAQ:SMST) was the target of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 73,462 shares, an increase of 131.8% from the April 15th total of 31,692 shares. Approximately 6.8% of the company’s stock are sold short. Based on an average trading volume of 464,085 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On Defiance Daily Target 1.5X Short MSTR ETF

An institutional investor recently bought a new position in Defiance Daily Target 1.5X Short MSTR ETF stock. Jump Financial LLC purchased a new position in shares of Defiance Daily Target 1.5X Short MSTR ETF (NASDAQ:SMST) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 26,480 shares of the company’s stock, valued at approximately $2,457,000. Jump Financial LLC owned about 7.36% of Defiance Daily Target 1.5X Short MSTR ETF as of its most recent SEC filing.

Defiance Daily Target 1.5X Short MSTR ETF Price Performance

Shares of NASDAQ:SMST traded up $2.37 during midday trading on Friday, reaching $25.86. The company had a trading volume of 644,654 shares, compared to its average volume of 432,323. The business’s 50 day moving average price is $46.92 and its 200 day moving average price is $63.18. Defiance Daily Target 1.5X Short MSTR ETF has a 1-year low of $17.59 and a 1-year high of $154.16.

Defiance Daily Target 1.5X Short MSTR ETF Company Profile

The Defiance Daily Target 2x Short MSTR ETF (SMST) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to provide 2x inverse exposure to the daily share price movement of MicroStrategy Incorporated (NYSE: MSTR), less fees and expenses. SMST was launched on Aug 20, 2024 and is issued by Defiance.