Defiance Daily Target 1.5X Short MSTR ETF (NASDAQ:SMST) Sees Significant Growth in Short Interest

Defiance Daily Target 1.5X Short MSTR ETF (NASDAQ:SMST – Get Free Report) was the recipient of a significant growth in short interest during the month of October. As of October 30th, there was short interest totaling 2,127,781 shares, a growth of 231.5% from the October 15th total of 641,796 shares. Based on an average daily volume of 1,538,472 shares, the short-interest ratio is currently 1.4 days. Currently, 241.0% of the shares of the stock are short sold.

Defiance Daily Target 1.5X Short MSTR ETF Price Performance

Shares of SMST stock traded up $1.73 on Friday, hitting $21.25. 798,737 shares of the company’s stock were exchanged, compared to its average volume of 687,099. Defiance Daily Target 1.5X Short MSTR ETF has a 12 month low of $10.70 and a 12 month high of $154.16. The company has a 50 day moving average of $15.19 and a 200 day moving average of $44.35.

Defiance Daily Target 1.5X Short MSTR ETF Company Profile

(Get Free Report)

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.

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