Defiance Daily Target 2X Long SMCI ETF (NASDAQ:SMCX) Short Interest Up 86.4% in July

Defiance Daily Target 2X Long SMCI ETF (NASDAQ:SMCX) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totaling 3,770,933 shares, an increase of 86.4% from the July 15th total of 2,023,420 shares. Approximately 18.5% of the company’s stock are sold short. Based on an average daily volume of 7,693,141 shares, the days-to-cover ratio is currently 0.5 days.

Defiance Daily Target 2X Long SMCI ETF Stock Performance

Shares of SMCX opened at $12.73 on Tuesday. Defiance Daily Target 2X Long SMCI ETF has a 12 month low of $5.46 and a 12 month high of $114.44. The firm has a fifty day simple moving average of $9.26 and a 200 day simple moving average of $15.09.

Hedge Funds Weigh In On Defiance Daily Target 2X Long SMCI ETF

An institutional investor recently bought a new stake in Defiance Daily Target 2X Long SMCI ETF stock. HRT Financial LP acquired a new stake in Defiance Daily Target 2X Long SMCI ETF (NASDAQ:SMCX) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 20,074 shares of the company’s stock, valued at approximately $228,000. HRT Financial LP owned approximately 0.13% of Defiance Daily Target 2X Long SMCI ETF at the end of the most recent reporting period.

About Defiance Daily Target 2X Long SMCI ETF

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.