Short Interest in Defiance Daily Target 2X Long SMCI ETF (NASDAQ:SMCX) Increases By 214.6%

Defiance Daily Target 2X Long SMCI ETF (NASDAQ:SMCX) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 2,628,726 shares, a growth of 214.6% from the May 31st total of 835,454 shares. Based on an average trading volume of 5,606,854 shares, the short-interest ratio is currently 0.5 days. Approximately 29.5% of the shares of the company are sold short.

Defiance Daily Target 2X Long SMCI ETF Trading Down 6.8%

Shares of SMCX stock traded down $0.72 during mid-day trading on Friday, reaching $9.86. 3,922,261 shares of the company’s stock traded hands, compared to its average volume of 3,510,644. Defiance Daily Target 2X Long SMCI ETF has a 12 month low of $6.48 and a 12 month high of $151.22. The firm has a 50 day moving average price of $15.84 and a two-hundred day moving average price of $19.65.

Institutional Trading of Defiance Daily Target 2X Long SMCI ETF

An institutional investor recently bought a new position in Defiance Daily Target 2X Long SMCI ETF stock. HRT Financial LP purchased a new position in Defiance Daily Target 2X Long SMCI ETF (NASDAQ:SMCX) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 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 as of its most recent SEC filing.

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.