Defiance Daily Target 1.5X Short MSTR ETF (NASDAQ:SMST) Trading Up 13.3% – Here’s Why

Defiance Daily Target 1.5X Short MSTR ETF (NASDAQ:SMST)’s share price was up 13.3% on Friday . The stock traded as high as $55.19 and last traded at $50.77. Approximately 529,286 shares were traded during mid-day trading, an increase of 23% from the average daily volume of 429,672 shares. The stock had previously closed at $44.82.

Defiance Daily Target 1.5X Short MSTR ETF Stock Up 13.3%

The firm’s fifty day moving average is $40.79 and its two-hundred day moving average is $62.23.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Defiance Daily Target 1.5X Short MSTR ETF stock. Jump Financial LLC acquired a new stake in shares of Defiance Daily Target 1.5X Short MSTR ETF (NASDAQ:SMST) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 26,480 shares of the company’s stock, valued at approximately $2,457,000. Jump Financial LLC owned approximately 7.36% of Defiance Daily Target 1.5X Short MSTR ETF as of its most recent SEC filing.

About Defiance Daily Target 1.5X Short MSTR ETF

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.