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

The Defiance Quantum ETF (NASDAQ:QTUM) saw a significant decrease in short interest in February. As of February 27th, there was short interest totaling 185,608 shares, a decrease of 22.7% from the February 12th total of 240,006 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average trading volume of 272,961 shares, the short-interest ratio is currently 0.7 days. Based on an average trading volume of 272,961 shares, the short-interest ratio is currently 0.7 days. Currently, 0.6% of the shares of the company are sold short.

Defiance Quantum ETF Trading Up 1.8%

Shares of Defiance Quantum ETF stock opened at $111.36 on Tuesday. The business’s fifty day simple moving average is $115.90 and its 200 day simple moving average is $110.62. The firm has a market capitalization of $3.50 billion, a P/E ratio of 24.34 and a beta of 1.20. Defiance Quantum ETF has a 12 month low of $62.70 and a 12 month high of $121.34.

Defiance Quantum ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 30th. Stockholders of record on Monday, December 29th were given a dividend of $0.4452 per share. The ex-dividend date of this dividend was Monday, December 29th.

Institutional Investors Weigh In On Defiance Quantum ETF

Hedge funds have recently made changes to their positions in the business. Sankala Group LLC bought a new position in Defiance Quantum ETF during the fourth quarter valued at about $46,000. Monetary Solutions Ltd purchased a new stake in Defiance Quantum ETF during the fourth quarter worth about $77,000. Financial Freedom LLC raised its position in Defiance Quantum ETF by 29.8% in the fourth quarter. Financial Freedom LLC now owns 21,358 shares of the company’s stock worth $2,342,000 after acquiring an additional 4,909 shares during the period. Graney & King LLC bought a new stake in Defiance Quantum ETF in the fourth quarter worth about $63,000. Finally, Gen Wealth Partners Inc boosted its stake in Defiance Quantum ETF by 51.7% in the fourth quarter. Gen Wealth Partners Inc now owns 320 shares of the company’s stock valued at $35,000 after acquiring an additional 109 shares during the last quarter.

Defiance Quantum ETF Company Profile

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.