Defiance Daily Target 1.5X Short MSTR ETF (NASDAQ:SMST) Short Interest Down 75.0% in June

Defiance Daily Target 1.5X Short MSTR ETF (NASDAQ:SMST) saw a large decline in short interest in June. As of June 30th, there was short interest totaling 17,828 shares, a decline of 75.0% from the June 15th total of 71,355 shares. Based on an average daily trading volume, of 378,234 shares, the days-to-cover ratio is currently 0.0 days. Currently, 3.9% of the shares of the stock are short sold.

Defiance Daily Target 1.5X Short MSTR ETF Price Performance

Shares of NASDAQ SMST traded down $1.08 during trading on Friday, hitting $63.51. The company had a trading volume of 290,366 shares, compared to its average volume of 418,575. Defiance Daily Target 1.5X Short MSTR ETF has a 52 week low of $17.59 and a 52 week high of $154.16. The business’s 50-day moving average is $45.67 and its 200 day moving average is $59.80.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Defiance Daily Target 1.5X Short MSTR ETF stock. Jump Financial LLC bought a new position in shares of Defiance Daily Target 1.5X Short MSTR ETF (NASDAQ:SMST) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 26,480 shares of the company’s stock, valued at approximately $2,457,000. Jump Financial LLC owned 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 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.