Tradr 2X Long QBTS Daily ETF (BATS:QBTX) Sees Significant Growth in Short Interest

Tradr 2X Long QBTS Daily ETF (BATS:QBTX) was the recipient of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 639,614 shares, an increase of 441.1% from the June 30th total of 118,216 shares. Currently, 105.7% of the shares of the stock are sold short. Based on an average daily volume of 1,431,384 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On Tradr 2X Long QBTS Daily ETF

An institutional investor recently bought a new stake in Tradr 2X Long QBTS Daily ETF stock. Jump Financial LLC purchased a new stake in shares of Tradr 2X Long QBTS Daily ETF (BATS:QBTX) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 22,904 shares of the company’s stock, valued at approximately $3,583,000. Jump Financial LLC owned about 1.61% of Tradr 2X Long QBTS Daily ETF at the end of the most recent quarter.

Tradr 2X Long QBTS Daily ETF Trading Down 9.8%

Shares of QBTX stock opened at $6.59 on Friday. Tradr 2X Long QBTS Daily ETF has a 52-week low of $6.24 and a 52-week high of $513.56. The business’s fifty day moving average is $14.99 and its 200 day moving average is $17.11.

About Tradr 2X Long QBTS Daily ETF

Investment Managers Series Trust II – Tradr 2X Long QBTS Daily ETF is an exchange traded fund launched by Investment Managers Series Trust II. The fund is managed by AXS Investments LLC. It invests in public equity markets. The fund invests through derivatives in stocks of companies operating across information technology, software and services and computer software sectors. The fund uses derivatives such as swaps and options to create its portfolio. The fund invests in growth and value stocks of companies across diversified market capitalization.