Short Interest in The Defiance Quantum ETF (NASDAQ:QTUM) Grows By 63.9%

The Defiance Quantum ETF (NASDAQ:QTUM) was the recipient of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 557,514 shares, a growth of 63.9% from the June 30th total of 340,162 shares. Based on an average daily trading volume, of 414,217 shares, the short-interest ratio is currently 1.3 days. Approximately 1.5% of the shares of the company are sold short.

Defiance Quantum ETF Stock Performance

QTUM stock opened at $143.71 on Friday. Defiance Quantum ETF has a 1 year low of $89.23 and a 1 year high of $170.00. The stock has a market capitalization of $5.32 billion, a price-to-earnings ratio of 24.34 and a beta of 1.34. The stock’s fifty day moving average is $154.76 and its two-hundred day moving average is $132.62.

Defiance Quantum ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, June 25th. Investors of record on Wednesday, June 24th were given a $0.2699 dividend. The ex-dividend date was Wednesday, June 24th. This is a boost from Defiance Quantum ETF’s previous dividend of $0.22.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of QTUM. Van ECK Associates Corp increased its stake in shares of Defiance Quantum ETF by 88.4% in the third quarter. Van ECK Associates Corp now owns 243 shares of the company’s stock valued at $25,000 after purchasing an additional 114 shares during the period. Gen Wealth Partners Inc boosted its position in shares of Defiance Quantum ETF by 51.7% during the fourth quarter. Gen Wealth Partners Inc now owns 320 shares of the company’s stock worth $35,000 after buying an additional 109 shares during the period. Sound Income Strategies LLC acquired a new position in shares of Defiance Quantum ETF during the fourth quarter worth approximately $42,000. North Star Investment Management Corp. bought a new position in Defiance Quantum ETF in the 1st quarter worth approximately $43,000. Finally, Sankala Group LLC bought a new position in Defiance Quantum ETF in the 4th quarter worth approximately $46,000.

About Defiance Quantum ETF

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.