Defiance Daily Target 1.5X Short MSTR ETF (NASDAQ:SMST) Short Interest Down 75.0% in June

Defiance Daily Target 1.5X Short MSTR ETF (NASDAQ:SMST) saw a large decline in short interest in June. As of June 30th, there was short interest totaling 17,828 shares, a decline of 75.0% from the June 15th total of 71,355 shares. Based on an average daily trading volume, of 378,234 shares, the days-to-cover ratio is currently 0.0 days. Currently, 3.9% of the shares of the stock are short sold.

Defiance Daily Target 1.5X Short MSTR ETF Stock Up 5.2%

Shares of NASDAQ:SMST opened at $66.81 on Tuesday. The company has a 50 day moving average of $46.37 and a 200-day moving average of $59.67. Defiance Daily Target 1.5X Short MSTR ETF has a twelve month low of $17.59 and a twelve month high of $154.16.

Institutional Investors Weigh In On Defiance Daily Target 1.5X Short MSTR ETF

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

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.