Defiance Daily Target 1.5X Short MSTR ETF (NASDAQ:SMST) Short Interest Update

Defiance Daily Target 1.5X Short MSTR ETF (NASDAQ:SMST) was the target of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 112,446 shares, a growth of 865.2% from the July 15th total of 11,650 shares. Based on an average daily trading volume, of 238,076 shares, the short-interest ratio is presently 0.5 days. Approximately 22.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Defiance Daily Target 1.5X Short MSTR ETF stock. Jump Financial LLC acquired a new stake in Defiance Daily Target 1.5X Short MSTR ETF (NASDAQ:SMST) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 26,480 shares of the company’s stock, valued at approximately $2,457,000. Jump Financial LLC owned 7.36% of Defiance Daily Target 1.5X Short MSTR ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Defiance Daily Target 1.5X Short MSTR ETF Stock Up 2.8%

NASDAQ:SMST traded up $1.54 during midday trading on Tuesday, hitting $55.69. The stock had a trading volume of 180,480 shares, compared to its average volume of 389,918. Defiance Daily Target 1.5X Short MSTR ETF has a one year low of $21.16 and a one year high of $154.16. The stock has a 50-day moving average of $58.46 and a 200 day moving average of $56.39.

About Defiance Daily Target 1.5X Short MSTR ETF

The Defiance Daily Target 2x Short MSTR ETF (SMST) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to provide 2x inverse exposure to the daily share price movement of MicroStrategy Incorporated (NYSE: MSTR), less fees and expenses. SMST was launched on Aug 20, 2024 and is issued by Defiance.