The Defiance Quantum ETF (NASDAQ:QTUM) Sees Large Decline in Short Interest

The Defiance Quantum ETF (NASDAQ:QTUMGet Free Report) saw a large decrease in short interest in August. As of August 31st, there was short interest totaling 559,553 shares, a decrease of 46.3% from the August 15th total of 1,041,778 shares. Based on an average daily volume of 304,194 shares, the short-interest ratio is presently 1.8 days. Currently, 1.5% of the company’s stock are short sold.

Institutional Trading of Defiance Quantum ETF

A number of large investors have recently added to or reduced their stakes in QTUM. Compass Financial Management LLC bought a new position in Defiance Quantum ETF during the second quarter worth about $3,290,000. Markowski Investments acquired a new position in Defiance Quantum ETF during the second quarter worth approximately $50,000. TOP Private Wealth LLC. bought a new stake in Defiance Quantum ETF in the second quarter valued at approximately $2,703,000. Wedbush Securities Inc. bought a new stake in Defiance Quantum ETF in the second quarter valued at approximately $1,938,000. Finally, KERR FINANCIAL PLANNING Corp lifted its position in shares of Defiance Quantum ETF by 21.5% in the second quarter. KERR FINANCIAL PLANNING Corp now owns 853 shares of the company’s stock valued at $141,000 after buying an additional 151 shares during the last quarter.

Defiance Quantum ETF Stock Up 2.4%

Shares of NASDAQ:QTUM traded up $3.43 during midday trading on Thursday, hitting $146.70. The stock had a trading volume of 116,320 shares, compared to its average volume of 487,009. Defiance Quantum ETF has a 12 month low of $98.21 and a 12 month high of $170.00. The business’s 50-day simple moving average is $147.58 and its 200-day simple moving average is $140.30. The company has a market cap of $5.50 billion, a P/E ratio of 24.34 and a beta of 1.36.

About Defiance Quantum ETF

(Get Free Report)

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.

Further Reading

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