The Defiance Quantum ETF (NASDAQ:QTUM) Short Interest Down 37.7% in January

by · The Cerbat Gem

The Defiance Quantum ETF (NASDAQ:QTUM – Get Free Report) was the target of a large decrease in short interest in January. As of January 15th, there was short interest totaling 234,093 shares, a decrease of 37.7% from the December 31st total of 375,756 shares. Approximately 0.8% of the shares of the stock are short sold. Based on an average daily volume of 505,387 shares, the short-interest ratio is currently 0.5 days. Based on an average daily volume of 505,387 shares, the short-interest ratio is currently 0.5 days. Approximately 0.8% of the shares of the stock are short sold.

Institutional Investors Weigh In On Defiance Quantum ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. NewEdge Advisors LLC grew its position in Defiance Quantum ETF by 18.7% during the first quarter. NewEdge Advisors LLC now owns 12,910 shares of the company’s stock worth $962,000 after buying an additional 2,035 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Defiance Quantum ETF by 368.8% during the second quarter. Farther Finance Advisors LLC now owns 2,166 shares of the company’s stock worth $199,000 after purchasing an additional 1,704 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of Defiance Quantum ETF by 5.3% in the second quarter. Janney Montgomery Scott LLC now owns 26,832 shares of the company’s stock worth $2,464,000 after purchasing an additional 1,349 shares during the last quarter. Ameriflex Group Inc. raised its stake in Defiance Quantum ETF by 602.0% in the second quarter. Ameriflex Group Inc. now owns 1,404 shares of the company’s stock valued at $128,000 after purchasing an additional 1,204 shares in the last quarter. Finally, Strategic Blueprint LLC purchased a new stake in Defiance Quantum ETF in the second quarter valued at approximately $371,000.

Defiance Quantum ETF Price Performance

Shares of QTUM traded down $3.20 during midday trading on Friday, hitting $115.89. 460,505 shares of the company traded hands, compared to its average volume of 482,375. Defiance Quantum ETF has a one year low of $62.70 and a one year high of $121.34. The firm has a market cap of $3.62 billion, a P/E ratio of 24.34 and a beta of 1.20. The stock has a 50-day moving average of $113.43 and a 200-day moving average of $105.83.

Defiance Quantum ETF Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 30th. Shareholders of record on Monday, December 29th were paid a $0.4452 dividend. The ex-dividend date was Monday, December 29th.

About Defiance Quantum ETF

(Get Free Report)

The Defiance Quantum ETF (QTUM) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks an adjusted-equal-weighted index of companies involved in the research and development of quantum computers. QTUM was launched on Sep 5, 2018 and is managed by Defiance.

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