Defiance Daily Target 1.5X Short MSTR ETF (NASDAQ:SMST) Short Interest Down 37.6% in June

Defiance Daily Target 1.5X Short MSTR ETF (NASDAQ:SMST) was the target of a large drop in short interest in June. As of June 15th, there was short interest totaling 71,355 shares, a drop of 37.6% from the May 31st total of 114,420 shares. Approximately 6.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 428,636 shares, the days-to-cover ratio is presently 0.2 days.

Defiance Daily Target 1.5X Short MSTR ETF Stock Down 16.9%

Shares of SMST traded down $11.34 during mid-day trading on Thursday, hitting $55.77. 370,045 shares of the stock were exchanged, compared to its average volume of 422,499. Defiance Daily Target 1.5X Short MSTR ETF has a 52-week low of $17.59 and a 52-week high of $154.16. The firm has a 50-day moving average of $41.64 and a two-hundred day moving average of $60.82.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Defiance Daily Target 1.5X Short MSTR ETF stock. Jump Financial LLC bought a new stake in shares of Defiance Daily Target 1.5X Short MSTR ETF (NASDAQ:SMST) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 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 at the end of the most recent reporting period.

Defiance Daily Target 1.5X Short MSTR ETF Company Profile

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.