Defiance Quantum ETF (NASDAQ:QTUM) Sees Large Volume Increase – What’s Next?

The Defiance Quantum ETF (NASDAQ:QTUM) saw strong trading volume on Thursday . 494,522 shares traded hands during mid-day trading, an increase of 12% from the previous session’s volume of 441,737 shares.The stock last traded at $106.47 and had previously closed at $104.57.

Defiance Quantum ETF Stock Down 1.4%

The stock has a 50-day moving average of $108.42 and a 200-day moving average of $96.70. The company has a market cap of $2.84 billion, a PE ratio of 24.34 and a beta of 1.20.

Defiance Quantum ETF Dividend Announcement

The business also recently announced a — dividend, which was paid on Thursday, September 25th. Stockholders of record on Wednesday, September 24th were paid a $0.2388 dividend. This represents a dividend yield of 60.0%. The ex-dividend date of this dividend was Wednesday, September 24th.

Institutional Investors Weigh In On Defiance Quantum ETF

A number of large investors have recently added to or reduced their stakes in QTUM. Van ECK Associates Corp raised its position in shares of Defiance Quantum ETF by 88.4% in the 3rd quarter. Van ECK Associates Corp now owns 243 shares of the company’s stock worth $25,000 after acquiring an additional 114 shares in the last quarter. Parallel Advisors LLC boosted its holdings in shares of Defiance Quantum ETF by 289.0% during the 2nd quarter. Parallel Advisors LLC now owns 389 shares of the company’s stock valued at $36,000 after buying an additional 289 shares in the last quarter. Copia Wealth Management increased its stake in shares of Defiance Quantum ETF by 1,016.1% in the 3rd quarter. Copia Wealth Management now owns 346 shares of the company’s stock worth $36,000 after acquiring an additional 315 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Defiance Quantum ETF during the 2nd quarter valued at about $37,000. Finally, Luminist Capital LLC bought a new stake in Defiance Quantum ETF during the second quarter worth about $38,000.

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.