Defiance Daily Target 2X Long SMCI ETF (NASDAQ:SMCX) Shares Down 6.6% – Here’s Why

by · The Markets Daily

Shares of Defiance Daily Target 2X Long SMCI ETF (NASDAQ:SMCX – Get Free Report) fell 6.6% during trading on Wednesday . The stock traded as low as $12.85 and last traded at $12.92. 3,933,407 shares traded hands during mid-day trading, a decline of 14% from the average daily volume of 4,548,144 shares. The stock had previously closed at $13.83.

Defiance Daily Target 2X Long SMCI ETF Stock Performance

The business has a 50-day moving average price of $9.86 and a two-hundred day moving average price of $13.59.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Defiance Daily Target 2X Long SMCI ETF stock. Simplex Trading LLC bought a new position in shares of Defiance Daily Target 2X Long SMCI ETF (NASDAQ:SMCX – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 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 filing with the SEC.

Defiance Daily Target 2X Long SMCI ETF Company Profile

(Get Free Report)

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.

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