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

Defiance Daily Target 1.5X Short MSTR ETF (NASDAQ:SMST – Get Free Report) was the target of a significant drop in short interest in September. As of September 30th, there was short interest totaling 86,664 shares, a drop of 79.5% from the September 15th total of 423,684 shares. Based on an average daily trading volume, of 2,143,410 shares, the days-to-cover ratio is currently 0.0 days. Currently, 4.9% of the shares of the stock are short sold.

Defiance Daily Target 1.5X Short MSTR ETF Stock Up 1.9%

NASDAQ:SMST opened at $13.09 on Tuesday. The business’s 50-day moving average price is $27.43 and its 200 day moving average price is $41.70. Defiance Daily Target 1.5X Short MSTR ETF has a 52-week low of $10.70 and a 52-week high of $154.16.

Defiance Daily Target 1.5X Short MSTR ETF Company Profile

(Get Free Report)

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.

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