Defiance Daily Target 2X Long SMCI ETF (NASDAQ:SMCX) Shares Up 12.5% – Time to Buy?

Defiance Daily Target 2X Long SMCI ETF (NASDAQ:SMCX) shares rose 12.5% during mid-day trading on Friday . The stock traded as high as $18.20 and last traded at $17.88. Approximately 2,157,561 shares were traded during trading, a decline of 26% from the average daily volume of 2,898,572 shares. The stock had previously closed at $15.90.

Defiance Daily Target 2X Long SMCI ETF Stock Performance

The firm’s 50 day moving average is $13.11 and its 200-day moving average is $23.57.

Hedge Funds Weigh In On Defiance Daily Target 2X Long SMCI ETF

Several institutional investors and hedge funds have recently bought and sold shares of SMCX. Optiver Holding B.V. increased its position in Defiance Daily Target 2X Long SMCI ETF by 306.7% during the third quarter. Optiver Holding B.V. now owns 27,354 shares of the company’s stock worth $1,063,000 after purchasing an additional 20,628 shares during the last quarter. HRT Financial LP acquired a new position in Defiance Daily Target 2X Long SMCI ETF during the fourth quarter worth approximately $228,000. Finally, Simplex Trading LLC acquired a new position in Defiance Daily Target 2X Long SMCI ETF during the fourth quarter worth approximately $95,000.

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.