Defiance Daily Target 2X Long SMCI ETF Target of Unusually Large Options Trading (NASDAQ:SMCX)

Defiance Daily Target 2X Long SMCI ETF (NASDAQ:SMCX) saw some unusual options trading on Wednesday. Stock investors acquired 2,602 call options on the company. This represents an increase of approximately 35% compared to the typical daily volume of 1,934 call options.

Defiance Daily Target 2X Long SMCI ETF Price Performance

Shares of NASDAQ SMCX traded up $3.11 during mid-day trading on Wednesday, reaching $9.56. The company had a trading volume of 14,136,529 shares, compared to its average volume of 3,864,322. The stock has a fifty day moving average of $13.74 and a two-hundred day moving average of $17.12. Defiance Daily Target 2X Long SMCI ETF has a 12-month low of $5.46 and a 12-month high of $151.22.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Defiance Daily Target 2X Long SMCI ETF stock. HRT Financial LP bought a new position in Defiance Daily Target 2X Long SMCI ETF (NASDAQ:SMCX) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 20,074 shares of the company’s stock, valued at approximately $228,000. HRT Financial LP owned approximately 0.13% of Defiance Daily Target 2X Long SMCI ETF as of its most recent SEC filing.

Defiance Daily Target 2X Long SMCI ETF Company Profile

The Defiance Daily Target 2X Long SMCI ETF (SMCX) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to deliver 2x leveraged exposure to the daily share price movement of Super Micro Computer, Inc (SMCI), less fees and expenses, through derivatives like swap agreements SMCX was launched on Aug 21, 2024 and is issued by Defiance.