Investors Buy High Volume of Defiance Daily Target 2X Long SMCI ETF Call Options (NASDAQ:SMCX)

Defiance Daily Target 2X Long SMCI ETF (NASDAQ:SMCX) was the target of some unusual options trading on Monday. Traders purchased 2,830 call options on the stock. This is an increase of 46% compared to the average volume of 1,945 call options.

Defiance Daily Target 2X Long SMCI ETF Stock Performance

SMCX traded up $0.83 during trading hours on Monday, hitting $9.72. 4,722,214 shares of the stock were exchanged, compared to its average volume of 4,103,940. The stock has a 50-day simple moving average of $11.23 and a 200-day simple moving average of $15.68. Defiance Daily Target 2X Long SMCI ETF has a 12 month low of $5.46 and a 12 month high of $114.44.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Defiance Daily Target 2X Long SMCI ETF stock. Simplex Trading LLC acquired a new position in shares of Defiance Daily Target 2X Long SMCI ETF (NASDAQ:SMCX) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 8,373 shares of the company’s stock, valued at approximately $95,000. Simplex Trading LLC owned 0.05% 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.