Short Interest in Tradr 2X Long QBTS Daily ETF (BATS:QBTX) Drops By 79.4%

Tradr 2X Long QBTS Daily ETF (BATS:QBTX) was the target of a significant decline in short interest in May. As of May 29th, there was short interest totaling 134,197 shares, a decline of 79.4% from the May 14th total of 650,581 shares. Based on an average daily volume of 4,611,604 shares, the days-to-cover ratio is currently 0.0 days. Approximately 22.2% of the shares of the company are short sold.

Tradr 2X Long QBTS Daily ETF Stock Performance

Shares of BATS QBTX opened at $15.18 on Wednesday. Tradr 2X Long QBTS Daily ETF has a fifty-two week low of $6.24 and a fifty-two week high of $513.56. The firm’s 50-day simple moving average is $15.06 and its 200 day simple moving average is $22.55.

Institutional Investors Weigh In On Tradr 2X Long QBTS Daily ETF

A hedge fund recently bought a new stake in Tradr 2X Long QBTS Daily ETF stock. Jump Financial LLC acquired a new stake in shares of Tradr 2X Long QBTS Daily ETF (BATS:QBTX) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 22,904 shares of the company’s stock, valued at approximately $3,583,000. Jump Financial LLC owned approximately 1.61% of Tradr 2X Long QBTS Daily ETF as of its most recent SEC filing.

About Tradr 2X Long QBTS Daily ETF

Investment Managers Series Trust II – Tradr 2X Long QBTS Daily ETF is an exchange traded fund launched by Investment Managers Series Trust II. The fund is managed by AXS Investments LLC. It invests in public equity markets. The fund invests through derivatives in stocks of companies operating across information technology, software and services and computer software sectors. The fund uses derivatives such as swaps and options to create its portfolio. The fund invests in growth and value stocks of companies across diversified market capitalization.