Short Interest in The Defiance Quantum ETF (NASDAQ:QTUM) Rises By 63.9%

The Defiance Quantum ETF (NASDAQ:QTUM) saw a large increase in short interest in July. As of July 15th, there was short interest totaling 557,514 shares, an increase of 63.9% from the June 30th total of 340,162 shares. Currently, 1.5% of the company’s stock are sold short. Based on an average trading volume of 414,217 shares, the short-interest ratio is presently 1.3 days.

Defiance Quantum ETF Stock Performance

QTUM opened at $141.35 on Friday. The company has a 50-day moving average of $154.51 and a 200-day moving average of $132.68. The company has a market capitalization of $5.22 billion, a P/E ratio of 24.34 and a beta of 1.34. Defiance Quantum ETF has a 1-year low of $89.23 and a 1-year high of $170.00.

Defiance Quantum ETF Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, June 25th. Investors of record on Wednesday, June 24th were paid a $0.2699 dividend. This is a positive change from Defiance Quantum ETF’s previous dividend of $0.22. The ex-dividend date was Wednesday, June 24th.

Institutional Trading of Defiance Quantum ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. NewEdge Advisors LLC raised its stake in Defiance Quantum ETF by 18.7% during the first quarter. NewEdge Advisors LLC now owns 12,910 shares of the company’s stock valued at $962,000 after buying an additional 2,035 shares in the last quarter. Captrust Financial Advisors grew its position in shares of Defiance Quantum ETF by 23.1% in the 2nd quarter. Captrust Financial Advisors now owns 10,619 shares of the company’s stock worth $975,000 after acquiring an additional 1,991 shares in the last quarter. Parallel Advisors LLC grew its position in shares of Defiance Quantum ETF by 299.5% in the 3rd quarter. Parallel Advisors LLC now owns 1,554 shares of the company’s stock worth $163,000 after acquiring an additional 1,165 shares in the last quarter. Van ECK Associates Corp increased its holdings in shares of Defiance Quantum ETF by 88.4% in the 3rd quarter. Van ECK Associates Corp now owns 243 shares of the company’s stock valued at $25,000 after acquiring an additional 114 shares during the last quarter. Finally, BNP Paribas Financial Markets bought a new stake in shares of Defiance Quantum ETF in the 3rd quarter valued at approximately $210,000.

Defiance Quantum ETF Company Profile

The Defiance Quantum ETF (QTUM) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks an adjusted-equal-weighted index of companies involved in the research and development of quantum computers. QTUM was launched on Sep 5, 2018 and is managed by Defiance.