The Defiance Quantum ETF (NASDAQ:QTUM) Sees Large Decrease in Short Interest

by · The Markets Daily

The Defiance Quantum ETF (NASDAQ:QTUM – Get Free Report) was the target of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 559,553 shares, a decline of 46.3% from the August 15th total of 1,041,778 shares. Based on an average trading volume of 304,194 shares, the days-to-cover ratio is presently 1.8 days. Currently, 1.5% of the shares of the company are short sold.

Defiance Quantum ETF Stock Up 0.4%

NASDAQ QTUM traded up $0.53 during trading hours on Wednesday, hitting $143.27. 153,879 shares of the stock were exchanged, compared to its average volume of 489,151. The company has a market cap of $5.37 billion, a price-to-earnings ratio of 24.34 and a beta of 1.36. Defiance Quantum ETF has a 12-month low of $98.21 and a 12-month high of $170.00. The stock has a 50-day moving average of $147.58 and a 200 day moving average of $140.30.

Institutional Trading of Defiance Quantum ETF

Institutional investors have recently modified their holdings of the business. Compass Financial Management LLC purchased a new position in Defiance Quantum ETF in the second quarter worth $3,290,000. Markowski Investments purchased a new stake in shares of Defiance Quantum ETF during the 2nd quarter worth $50,000. TOP Private Wealth LLC. purchased a new stake in shares of Defiance Quantum ETF during the 2nd quarter worth $2,703,000. Wedbush Securities Inc. acquired a new position in shares of Defiance Quantum ETF during the 2nd quarter worth $1,938,000. Finally, KERR FINANCIAL PLANNING Corp grew its stake in shares of Defiance Quantum ETF by 21.5% during the 2nd quarter. KERR FINANCIAL PLANNING Corp now owns 853 shares of the company’s stock worth $141,000 after purchasing an additional 151 shares during the period.

Defiance Quantum ETF Company Profile

(Get Free Report)

The Defiance Quantum ETF (QTUM) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks an adjusted-equal-weighted index of companies involved in the research and development of quantum computers. QTUM was launched on Sep 5, 2018 and is managed by Defiance.

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