Stock Traders Purchase High Volume of Call Options on Defiance Daily Target 2X Long SMCI ETF (NASDAQ:SMCX)

Defiance Daily Target 2X Long SMCI ETF (NASDAQ:SMCX) was the target of unusually large options trading on Wednesday. Stock traders acquired 2,602 call options on the stock. This represents an increase of approximately 35% compared to the typical volume of 1,934 call options.

Defiance Daily Target 2X Long SMCI ETF Trading Up 39.4%

Shares of SMCX stock opened at $8.99 on Thursday. Defiance Daily Target 2X Long SMCI ETF has a fifty-two week low of $5.46 and a fifty-two week high of $151.22. The business’s 50 day moving average price is $13.62 and its 200-day moving average price is $17.02.

Institutional Trading of Defiance Daily Target 2X Long SMCI ETF

A hedge fund recently bought a new stake in Defiance Daily Target 2X Long SMCI ETF stock. Simplex Trading LLC purchased a new stake in Defiance Daily Target 2X Long SMCI ETF (NASDAQ:SMCX) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 8,373 shares of the company’s stock, valued at approximately $95,000. Simplex Trading LLC owned approximately 0.05% of Defiance Daily Target 2X Long SMCI ETF as of its most recent SEC filing.

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.