Defiance Daily Target 2X Long SMCI ETF (NASDAQ:SMCX) Stock Price Up 0.2% – What’s Next?

Defiance Daily Target 2X Long SMCI ETF (NASDAQ:SMCX) shares shot up 0.2% on Friday . The company traded as high as $11.74 and last traded at $11.24. 1,521,585 shares were traded during mid-day trading, a decline of 59% from the average session volume of 3,728,614 shares. The stock had previously closed at $11.22.

Defiance Daily Target 2X Long SMCI ETF Trading Up 0.2%

The company’s 50-day moving average price is $12.90 and its 200-day moving average price is $27.65.

Institutional Trading of Defiance Daily Target 2X Long SMCI ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Optiver Holding B.V. lifted its holdings in shares of Defiance Daily Target 2X Long SMCI ETF by 306.7% in the third quarter. Optiver Holding B.V. now owns 27,354 shares of the company’s stock valued at $1,063,000 after purchasing an additional 20,628 shares in the last quarter. HRT Financial LP acquired a new stake in Defiance Daily Target 2X Long SMCI ETF in the 4th quarter valued at approximately $228,000. Finally, Simplex Trading LLC bought a new stake in Defiance Daily Target 2X Long SMCI ETF in the 4th quarter valued at approximately $95,000.

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.