Defiance Daily Target 2X Long SMCI ETF (NASDAQ:SMCX) Trading Up 4.5% – Here’s Why

Defiance Daily Target 2X Long SMCI ETF (NASDAQ:SMCX) shares shot up 4.5% during mid-day trading on Wednesday . The company traded as high as $16.35 and last traded at $16.31. 1,446,601 shares were traded during trading, a decline of 51% from the average session volume of 2,976,480 shares. The stock had previously closed at $15.61.

Defiance Daily Target 2X Long SMCI ETF Price Performance

The company has a 50-day simple moving average of $33.36 and a 200 day simple moving average of $39.16.

Institutional Investors Weigh In On Defiance Daily Target 2X Long SMCI ETF

An institutional investor recently raised its position in Defiance Daily Target 2X Long SMCI ETF stock. Optiver Holding B.V. lifted its stake in shares of Defiance Daily Target 2X Long SMCI ETF (NASDAQ:SMCX) by 306.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 27,354 shares of the company’s stock after acquiring an additional 20,628 shares during the quarter. Optiver Holding B.V. owned approximately 0.48% of Defiance Daily Target 2X Long SMCI ETF worth $1,063,000 at the end of the most recent reporting period.

About Defiance Daily Target 2X Long SMCI ETF

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.