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

The Defiance Quantum ETF (NASDAQ:QTUM – Get Free Report) was the target of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 768,086 shares, an increase of 67.6% from the September 15th total of 458,247 shares. Currently, 2.1% of the company’s shares are short sold. Based on an average daily trading volume, of 280,884 shares, the short-interest ratio is currently 2.7 days.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Janney Montgomery Scott LLC lifted its stake in shares of Defiance Quantum ETF by 2.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 51,496 shares of the company’s stock valued at $5,526,000 after purchasing an additional 1,342 shares during the period. Farther Finance Advisors LLC grew its stake in Defiance Quantum ETF by 25.7% during the third quarter. Farther Finance Advisors LLC now owns 23,457 shares of the company’s stock worth $3,556,000 after purchasing an additional 4,790 shares during the period. Compass Financial Management LLC acquired a new stake in Defiance Quantum ETF during the second quarter worth approximately $3,290,000. TOP Private Wealth LLC. acquired a new stake in Defiance Quantum ETF during the second quarter worth approximately $2,703,000. Finally, Wedbush Securities Inc. bought a new stake in Defiance Quantum ETF in the second quarter worth approximately $1,938,000.

Defiance Quantum ETF Trading Up 0.1%

Shares of QTUM opened at $141.94 on Friday. The stock has a market capitalization of $5.37 billion, a P/E ratio of 24.34 and a beta of 1.37. The firm’s fifty day simple moving average is $150.19 and its two-hundred day simple moving average is $146.22. Defiance Quantum ETF has a 12 month low of $98.21 and a 12 month high of $170.00.

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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