Short Interest in The Defiance Quantum ETF (NASDAQ:QTUM) Declines By 20.8%

The Defiance Quantum ETF (NASDAQ:QTUM) was the recipient of a significant decrease in short interest in March. As of March 31st, there was short interest totaling 95,825 shares, a decrease of 20.8% from the March 15th total of 121,058 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average trading volume of 297,933 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On Defiance Quantum ETF

Several institutional investors have recently made changes to their positions in QTUM. Gen Wealth Partners Inc raised its holdings in shares of Defiance Quantum ETF by 51.7% in the 4th quarter. Gen Wealth Partners Inc now owns 320 shares of the company’s stock valued at $35,000 after acquiring an additional 109 shares in the last quarter. Van ECK Associates Corp raised its holdings 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 valued at $25,000 after acquiring an additional 114 shares in the last quarter. Kingswood Wealth Advisors LLC raised its holdings in shares of Defiance Quantum ETF by 2.9% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 4,069 shares of the company’s stock valued at $446,000 after acquiring an additional 116 shares in the last quarter. Creative Financial Designs Inc. ADV raised its holdings in shares of Defiance Quantum ETF by 4.4% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 3,128 shares of the company’s stock valued at $343,000 after acquiring an additional 132 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV raised its holdings in shares of Defiance Quantum ETF by 1.8% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 10,482 shares of the company’s stock valued at $1,149,000 after acquiring an additional 190 shares in the last quarter.

Defiance Quantum ETF Price Performance

Shares of NASDAQ:QTUM traded up $2.72 during trading on Friday, hitting $127.89. 538,400 shares of the company were exchanged, compared to its average volume of 375,054. The company has a market cap of $3.92 billion, a PE ratio of 24.34 and a beta of 1.20. The stock has a 50 day moving average of $113.79 and a 200 day moving average of $112.50. Defiance Quantum ETF has a 52-week low of $68.06 and a 52-week high of $128.20.

Defiance Quantum ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, March 26th. Shareholders of record on Wednesday, March 25th were given a dividend of $0.2236 per share. The ex-dividend date was Wednesday, March 25th.

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.