Defiance Daily Target 2X Long SMCI ETF (NASDAQ:SMCX) Trading 12.5% Higher – Here’s What Happened

Shares of Defiance Daily Target 2X Long SMCI ETF (NASDAQ:SMCX) traded up 12.5% during mid-day trading on Friday . The company traded as high as $18.20 and last traded at $17.88. 2,157,561 shares traded hands during trading, a decline of 26% from the average session volume of 2,898,572 shares. The stock had previously closed at $15.90.

Defiance Daily Target 2X Long SMCI ETF Price Performance

The business has a 50-day moving average of $13.11 and a 200 day moving average of $23.57.

Institutional Investors Weigh In On Defiance Daily Target 2X Long SMCI ETF

Hedge funds have recently added to or reduced their stakes in the company. Optiver Holding B.V. raised its position in shares of Defiance Daily Target 2X Long SMCI ETF by 306.7% during the third quarter. Optiver Holding B.V. now owns 27,354 shares of the company’s stock worth $1,063,000 after purchasing an additional 20,628 shares during the period. HRT Financial LP acquired a new position in Defiance Daily Target 2X Long SMCI ETF during the fourth quarter worth $228,000. Finally, Simplex Trading LLC acquired a new position in Defiance Daily Target 2X Long SMCI ETF during the fourth quarter worth $95,000.

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.