Investors Purchase Large Volume of Call Options on Defiance Daily Target 2X Long SMCI ETF (NASDAQ:SMCX)

Defiance Daily Target 2X Long SMCI ETF (NASDAQ:SMCX) was the target of unusually large options trading on Wednesday. Traders bought 2,602 call options on the company. This represents an increase of 35% compared to the typical daily volume of 1,934 call options.

Institutional Inflows and Outflows

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 shares of Defiance Daily Target 2X Long SMCI ETF (NASDAQ:SMCX) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 20,074 shares of the company’s stock, valued at approximately $228,000. HRT Financial LP owned about 0.13% of Defiance Daily Target 2X Long SMCI ETF as of its most recent SEC filing.

Defiance Daily Target 2X Long SMCI ETF Price Performance

Shares of NASDAQ SMCX traded up $3.11 during trading hours on Wednesday, hitting $9.56. 14,136,529 shares of the company’s stock were exchanged, compared to its average volume of 3,864,322. The company’s 50-day moving average price is $13.74 and its 200-day moving average price is $17.12. Defiance Daily Target 2X Long SMCI ETF has a 1-year low of $5.46 and a 1-year high of $151.22.

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.