Defiance Daily Target 2X Long SMCI ETF (NASDAQ:SMCX) Stock Price Up 2.5% – Still a Buy?

Defiance Daily Target 2X Long SMCI ETF (NASDAQ:SMCX) shares were up 2.5% on Monday . The stock traded as high as $11.34 and last traded at $10.52. Approximately 6,064,783 shares changed hands during mid-day trading, an increase of 89% from the average daily volume of 3,204,912 shares. The stock had previously closed at $10.26.

Defiance Daily Target 2X Long SMCI ETF Price Performance

The firm’s 50 day moving average price is $15.69 and its 200-day moving average price is $20.95.

Institutional Trading of Defiance Daily Target 2X Long SMCI ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. HRT Financial LP bought a new position in shares of Defiance Daily Target 2X Long SMCI ETF during the 4th quarter worth about $228,000. Simplex Trading LLC acquired a new position in shares of Defiance Daily Target 2X Long SMCI ETF during the fourth quarter valued at about $95,000. Finally, Optiver Holding B.V. lifted its stake in shares of Defiance Daily Target 2X Long SMCI ETF by 306.7% in the third quarter. Optiver Holding B.V. now owns 27,354 shares of the company’s stock valued at $1,063,000 after buying an additional 20,628 shares during the period.

About Defiance Daily Target 2X Long SMCI ETF

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.