Defiance Daily Target 2X Long SMCI ETF (NASDAQ:SMCX) Shares Up 6.2% – What’s Next?
by Michael Walen · The Markets DailyShares of Defiance Daily Target 2X Long SMCI ETF (NASDAQ:SMCX – Get Free Report) shot up 6.2% on Wednesday . The company traded as high as $9.46 and last traded at $8.86. 4,352,168 shares traded hands during mid-day trading, an increase of 61% from the average session volume of 2,695,698 shares. The stock had previously closed at $8.34.
Defiance Daily Target 2X Long SMCI ETF Stock Up 17.3%
The stock has a fifty day simple moving average of $18.86 and a two-hundred day simple moving average of $38.44.
Institutional Investors Weigh In On Defiance Daily Target 2X Long SMCI ETF
A number of hedge funds have recently added to or reduced their stakes in SMCX. HRT Financial LP acquired a new position in Defiance Daily Target 2X Long SMCI ETF during the 4th quarter worth approximately $228,000. Simplex Trading LLC acquired a new position in Defiance Daily Target 2X Long SMCI ETF during the 4th quarter worth approximately $95,000. Finally, Optiver Holding B.V. raised its stake in Defiance Daily Target 2X Long SMCI ETF by 306.7% during the 3rd quarter. Optiver Holding B.V. now owns 27,354 shares of the company’s stock worth $1,063,000 after buying an additional 20,628 shares during the period.
Defiance Daily Target 2X Long SMCI ETF Company Profile
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.