Defiance Daily Target 2X Long SMCI ETF (NASDAQ:SMCX) Stock Price Down 5.6% – Here’s What Happened

Defiance Daily Target 2X Long SMCI ETF (NASDAQ:SMCX)’s share price traded down 5.6% during trading on Thursday . The stock traded as low as $10.97 and last traded at $11.05. 1,811,310 shares changed hands during mid-day trading, a decline of 45% from the average session volume of 3,290,921 shares. The stock had previously closed at $11.70.

Defiance Daily Target 2X Long SMCI ETF Stock Performance

The company’s 50 day moving average is $12.09 and its 200 day moving average is $23.15.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Simplex Trading LLC acquired a new stake in shares of Defiance Daily Target 2X Long SMCI ETF during the fourth quarter worth about $95,000. HRT Financial LP purchased a new stake in Defiance Daily Target 2X Long SMCI ETF during the 4th quarter valued at approximately $228,000. Finally, Optiver Holding B.V. lifted its position 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 acquiring an additional 20,628 shares during the 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.