Short Interest in The Defiance Quantum ETF (NASDAQ:QTUM) Declines By 20.8%
by Amy Steele · The Cerbat GemThe Defiance Quantum ETF (NASDAQ:QTUM – Get Free Report) was the target of a significant decline in short interest in March. As of March 31st, there was short interest totaling 95,825 shares, a decline of 20.8% from the March 15th total of 121,058 shares. Based on an average daily volume of 297,933 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.3% of the shares of the stock are sold short.
Defiance Quantum ETF Stock Up 1.4%
NASDAQ:QTUM traded up $1.78 during trading hours on Thursday, hitting $125.17. 566,031 shares of the stock traded hands, compared to its average volume of 372,752. Defiance Quantum ETF has a 1 year low of $68.06 and a 1 year high of $125.53. The company has a market cap of $3.84 billion, a price-to-earnings ratio of 24.34 and a beta of 1.20. The stock has a 50 day moving average price of $113.49 and a 200 day moving average price of $112.41.
Defiance Quantum ETF Cuts Dividend
The company also recently declared a dividend, which was paid on Thursday, March 26th. Shareholders of record on Wednesday, March 25th were issued a dividend of $0.2236 per share. The ex-dividend date of this dividend was Wednesday, March 25th.
Institutional Trading of Defiance Quantum ETF
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Van ECK Associates Corp lifted its holdings in Defiance Quantum ETF by 88.4% in the 3rd quarter. Van ECK Associates Corp now owns 243 shares of the company’s stock worth $25,000 after purchasing an additional 114 shares in the last quarter. Gen Wealth Partners Inc lifted its holdings in Defiance Quantum ETF by 51.7% in the 4th quarter. Gen Wealth Partners Inc now owns 320 shares of the company’s stock worth $35,000 after purchasing an additional 109 shares in the last quarter. Copia Wealth Management lifted its holdings in Defiance Quantum ETF by 1,016.1% in the 3rd quarter. Copia Wealth Management now owns 346 shares of the company’s stock worth $36,000 after purchasing an additional 315 shares in the last quarter. Sound Income Strategies LLC purchased a new position in Defiance Quantum ETF in the 4th quarter worth approximately $42,000. Finally, Sankala Group LLC purchased a new position in Defiance Quantum ETF in the 4th quarter worth approximately $46,000.
Defiance Quantum ETF Company Profile
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.