Defiance Daily Target 2x Short MSTR ETF (NASDAQ: SMST)

Latest news for Defiance Daily Target 2x Short MSTR ETF (NASDAQ:SMST)

The Fund is an actively managed exchange traded fund that attempts to achieve 1.5 times the inverse (-150%) of the daily percentage change in the price of the Underlying Security by entering into swap agreements on the Underlying Security. The Fund aims to generate 1.5 times the inverse of the daily performance of the Underlying Security for a single day, and not for any other period. A single day is defined as being calculated from the close of regular trading on one trading day to the close on the next trading day.

Defiance Daily Target 1.5X Short MSTR ETF

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ETF Opportunities Trust T-Rex 2X Long MSTR Daily Target ETF

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Defiance Daily Target 2x Short MSTR ETF

Scotiabank analyst Eric Winmill maintains Arizona Sonoran Copper (TSX:<a class="ticker" href="https://www.benzinga.com/stock/ASCU#TSX">ASCU</a>) with a Sector Outperform and raises the price target from C$3.25 to C$3.5.

News

Price Target

Analyst Ratings

TSX:ASCU

Scotiabank Maintains Sector Outperform on Arizona Sonoran Copper, Raises Price Target to C$3.5

WIIM

SCCO

VALE

Shares of metals stocks are trading lower following US tariffs on Mexico, Canada and China.

Good Morning Traders! In today&#8217;s Market Clubhouse Morning Memo, we will discuss SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA.
Our proprietary formula, exclusive to Market Clubhouse, dictates these price levels. This dynamic equation takes into account price, volume, and options flow. These levels are updated every day and shared with all Clubhouse Members, prior to the opening of the market.
We recommend closely monitoring these stocks, and be prepared to leverage potential breakouts or reversals. As always, stay alert and ready to adjust your tactics based on the market&#8217;s pulse to optimize your trading gains. Now, let&#8217;s dive into the stock analysis:
SPDR S&amp;P 500 ETF Trust (SPY)
The SPY is hovering around 593.73. For bullish momentum, we&#8217;d like to see a breakout towards 595.14. Holding above this level could pave the way for buyers to target 596.57. Sustained strength above 596.57 during regular hours may drive the price toward 598.04, with our top bullish target set at 599.24.
If 593.73 fails to act as support, bears will likely challenge 592.00. A breakdown here could trigger a move towards 589.71. If heavy selling persists, the next strong support is at 587.31, with an aggressive downside target of 585.75 if the session turns sharply bearish.
Invesco QQQ Trust Series 1 (QQQ)
The QQQ is trading around 513.64. Bulls need to maintain control above this key level to aim for 515.00. A solid hold could propel the price to 516.58. Continued buying strength may lead to a test of 517.97, with the high bull target positioned at 519.87.
If buyers can&#8217;t sustain 513.64, bears might seize control, pushing the price down to 511.53. Further weakness could see a decline towards 509.87. Persistent selling could drag the price to 508.22, with the low bear target set at 506.68 for the day.
Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)
Apple is positioned near 231.76. Bulls will aim to defend this support level, seeking an upward move to 233.28. If buying pressure holds, the price could advance to 234.20. A strong bullish session might push the price towards our high bull target at 234.97.
Failure to hold 231.76 could see bears testing support at 230.25. Continued selling pressure may drive the price down to 229.03. If sellers remain dominant, the next level to watch is 227.82, with a potential drop to the low bear target of 226.90.
Microsoft Corp. (MSFT)
Microsoft is trading around 409.69. Bulls are looking to secure this level, targeting a move up to 410.64. Sustained buying above this support could lift the price towards 411.72, with further momentum potentially reaching our high bull target at 413.14.
If 409.69 can&#8217;t hold, sellers may push the price down to 408.46. A break below this could open the door to 407.11. Continued downside pressure may target 406.01, with the low bear target set at 404.92.
NVIDIA Corporation (NVDA) NVIDIA is trading near 115.15. Bulls will aim to push the price to 115.83 and establish it as support. A strong buying trend could drive the price up to 116.61, with extended momentum reaching 117.86. The high bull target is 119.44.
If 115.15 fails as support, bears will likely test 114.29. A breakdown here could lead to 113.68. Should selling pressure continue, the price may drop to 112.54, with the low bear target at 111.70.
Alphabet Inc Class A (GOOGL)
Alphabet is trading around 199.96. Bulls will aim to secure 201.28 as support, targeting an upward move to 202.52. Continued bullish momentum could drive the price towards the high bull target at 203.47.
If 199.96 doesn&#8217;t hold, bears may push the price down to 198.87. A break below this could lead to 197.79, and with heavy selling, we could see a drop to the low bear target at 196.97.
Meta Platforms Inc (META)
Meta is positioned around 676.46. Bulls will look to maintain this level as support, targeting a move to 679.79. Strong buying could propel the price to 683.97, with continued momentum potentially reaching the high bull target of 689.09.
If 676.46 fails as support, bears may drive the price down to 671.80. Further selling could push it to 667.99. If bearish pressure persists, the price may fall to 663.33, the low bear target for the day.
Tesla Inc. (TSLA)
Tesla is trading around 390.23. Bulls will aim to push the price to 399.03. If buying momentum continues, we could see a rally to 403.43. A strong bullish trend may drive the price higher to 407.97, with the high bull target at 413.10.
If 390.23 doesn&#8217;t hold, bears will likely test support at 384.07. Continued selling could bring the price down to 378.79. If sellers remain dominant, the price may drop to the low bear target of 370.22.
Final Word: As we kick off February 2025, today&#8217;s session brings limited economic data. At 9:45 AM ET, the Final S&amp;P Global Manufacturing PMI for January will be released. Following that, at 10 AM ET, we&#8217;ll receive the ISM Manufacturing data, including Prices Paid, New Orders, and Employment figures for January. Additionally, market participants should pay attention to comments from Bostic (a non-voter) and Musalem (a voting member of the Fed), which could influence sentiment later in the day.
Market participants should remain alert to shifts in momentum as these data releases unfold, as they can spark significant volatility. Whether the market reacts strongly or remains subdued, managing risk effectively and staying disciplined will be key. Approach the day with a clear plan, adjust as needed, and trade with precision. Good luck and stay sharp!
The Morning Memo is curated by RIPS, a pro trader with years of experience in equities, options, and futures trading. RIPS is at the heart of the exclusive Market Clubhouse community, offering his insights, expertise, and real-time mentorship.
Start your day with a live daily market analysis, a carefully selected watch list, early access to the Morning Memo, and exclusive Market Clubhouse price levels, providing precise support and resistance indicators. When you become a member of Market Clubhouse, you will gain early access to the Morning Memo, just like this one, every single day—hours before it&#8217;s published. You will also have access to a live stream with zero latency and screen sharing, enabling you to witness Rips executing his trades in real-time and sharing his exclusive trading plans, strategies, and live decision-making.
For a limited time during our special promotion, you can join RIPS and get a full access pass to Market Clubhouse for 7 full days for just $7. Check it out at <a href="https://marketclubhouse.club/7Days/" title="https://marketclubhouse.club/7Days/">https://marketclubhouse.club/7Days/</a> where you can trade live with him and tap into his wealth of knowledge and experience. You can also catch Rips on his live day trading streams every Monday-Friday at 8 am EST on the Market Clubhouse YouTube channel: <a href="https://www.youtube.com/@MarketClubhouse" title="https://www.youtube.com/@MarketClubhouse">https://www.youtube.com/@MarketClubhouse</a>.

Equities

Technicals

AAPL

Market Clubhouse Morning Memo - February 3rd, 2025 (Trade Strategy For SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META and TSLA)

Shares of U.S. automakers including Ford Motor Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) and General Motors Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) are moving lower Monday after U.S. President Donald Trump placed tariffs on <a href="https://www.benzinga.com/markets/25/02/43423288/trumps-tariffs-are-here-heres-what-will-get-more-expensive-from-canada-china-and-mexico">Canada, Mexico and China</a>.
What Happened: Trump signed executive orders on Saturday to impose 25% tariffs on Canada and Mexico and 10% tariffs on China in an effort to curb immigration and narcotics trafficking, per Reuters. 
The tariffs, which are expected to take effect on Tuesday, include a 25% duty on all&nbsp;imports from Mexico and most&nbsp;goods from Canada, as well as a 10% duty on Chinese goods. 
The auto industry is expected to be one of the hardest hit as U.S. automakers build, assemble and use parts from Canada and Mexico. Investors are also concerned about a potential trade war as Canada and Mexico have threatened to retaliate. The auto industry has a heavy reliance on North America, particularly Mexico where a lot of vehicles are manufactured.
&#8220;We may have short term some little pain, and people understand that. But long term, the United States has been ripped off by virtually every country in the world,&#8221; Trump reportedly told reporters on Sunday.
See Also: <a href="https://www.benzinga.com/general/market-summary/25/02/43429067/us-stocks-likely-to-open-lower-as-trump-imposes-tariffs-on-china-canada-and-mexico-expert-notes-feb-worst-month-in-post-election-years">US Stocks Likely To Open Lower As Trump Imposes Tariffs On China, Canada, And Mexico: Expert Notes Feb Worst Month In Post-Election Years</a>
General Motors reported <a href="https://www.benzinga.com/25/01/43263700/general-motors-stock-gains-after-q4-earnings-beat-incurs-charges-from-funding-halt-of-cruise-robotaxi-business">fourth-quarter earnings</a> last week that came in above analyst expectations. The automaker guided for strong earnings in 2025 on the back of growth in North America. 
Ford is due to report fourth-quarter earnings after the market close on Wednesday. The company is expected to report earnings of 33 cents per share and revenue of $43.25 billion, according to estimates from <a href="http://pro.benzinga.com">Benzinga Pro</a>.
F, GM Price Action: Ford shares were down 3.89% at $9.68 and GM shares were down 5.90% at $46.60 at the time of publication Monday, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: courtesy of Ford.

Movers

Ford, General Motors Shares Are Sliding Monday: What's Going On?

Macro Economic Events

Econ #s

Economics

S&P Global Manufacturing PMI For January 51.2 Vs 50.1 Est.; 49.4 Prior

Republic Servs's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSG#NYSE">RSG</a>) short percent of float has fallen 6.77% since its last report. The company recently reported that it has 2.53 million shares sold short, which is 1.24% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.42 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Republic Servs Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1738593959_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Republic Servs has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Republic Servs's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Republic Servs's peer group average for short interest as a percentage of float is 6.59%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Trading Ideas

Looking Into Republic Servs's Recent Short Interest

Cassava Sciences's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVA#NYSE">SAVA</a>) short percent of float has fallen 7.64% since its last report. The company recently reported that it has 15.36 million shares sold short, which is 34.07% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.2 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Cassava Sciences Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1738593953_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Cassava Sciences has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Cassava Sciences's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Cassava Sciences's peer group average for short interest as a percentage of float is 5.49%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

SAVA

Looking Into Cassava Sciences's Recent Short Interest

O'Reilly Automotive's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORLY#NYSE">ORLY</a>) short percent of float has fallen 18.23% since its last report. The company recently reported that it has 848 thousand shares sold short, which is 1.48% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.73 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>O'Reilly Automotive Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1738593947_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for O'Reilly Automotive has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing O'Reilly Automotive's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, O'Reilly Automotive's peer group average for short interest as a percentage of float is 10.63%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

ORLY

Peering Into O'Reilly Automotive's Recent Short Interest

Deckers Outdoor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DECK#NYSE">DECK</a>) has outperformed the market over the past 20 years by 15.82% on an annualized basis producing an average annual return of 24.14%. Currently, Deckers Outdoor has a market capitalization of $26.62 billion. 
Buying $100 In DECK: If an investor had bought $100 of DECK stock 20 years ago, it would be worth $7,649.01 today based on a price of $175.20 for DECK at the time of writing.
<h3>Deckers Outdoor's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1738593941_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

DECK

$100 Invested In This Stock 20 Years Ago Would Be Worth This Much Today

Sony Group Corporation American Depositary Shares

SONY

Sony Pictures Television Says Sony Pictures Assumed Global Distribution Functions For Wheel Of Fortune And Jeopardy!; To Begin Delivery Of Episodes Of Shows To Broadcasters Starting With Episodes Scheduled To Air The Week Of Feb 10

Scotiabank analyst Meny Grauman maintains Sun Life Financial (TSX:<a class="ticker" href="https://www.benzinga.com/stock/SLF#TSX">SLF</a>) with a Sector Outperform and raises the price target from C$96 to C$98.

TSX:SLF

Scotiabank Maintains Sector Outperform on Sun Life Financial, Raises Price Target to C$98

<a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43218851/mark-cuban-proposes-national-debt-meme-coin-70-take-clear-side">Mark Cuban</a>'s Cost Plus Drug Company has rapidly expanded over the past year. It offers over 6,000 medicines and provides significant savings to consumers and healthcare providers alike. Cost Plus launched in 2022 and aims to lower prescription drug costs by eliminating the middleman and keeping its pricing transparent.&nbsp;
The company's <a href="https://www.benzinga.com/personal-finance/25/01/43031711/mark-cuban-was-asked-why-he-wanted-to-tackle-big-pharma-because-everybody-thinks-its-fed-up-you-know-and-theyre-right">Cost Plus Marketplace</a> debuted in February 2024, initially offering over 4,000 medicines. It offered medications that primarily were in short supply in order to directly serve healthcare facilities. Since its debut, the Marketplace has grown to offer more than 6,000 drugs, benefiting thousands of hospitals, clinics, pharmacies, and other medical facilities across all 50 states.&nbsp;
Don't Miss:
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<li><a href="https://www.benzinga.com/money/mark-cubans-advice-for-lotto-winners">Many are surprised by Mark Cuban's advice for lotto winners: Cash or annuity?</a></li>
<li>Deloitte's fastest-growing software company partners with Amazon, Walmart &amp; Target – <a href="https://www.benzinga.com/money/mode-mobile-2">Many are rushing to grab 4,000 of its pre-IPO shares for just $0.26/share!</a></li>
</ul>
The company's chief commercial officer, Alan Bowe, told Becker's Hospital Review that customers have saved between 40% and 60%, compared with traditional wholesalers.&nbsp;
Several major healthcare organizations have begun purchasing from Cost Plus, including MultiCare Health System in Tacoma, Washington, ScionHealth in Louisville, Kentucky, and Community Health Systems in Franklin, Tennessee. According to Becker's Hospital Review, MultiCare alone saved $1.12 million in just seven months after purchasing 125 generic medications at discounted rates.&nbsp;
Cost Plus was founded on the principle of making <a href="https://www.benzinga.com/24/12/42270592/pharma-pushes-to-revise-medicare-drug-price-negotiation-law-under-trump-administration">prescription medications more affordable</a>. In the company's mission statement, Cuban wrote, "We started Mark Cuban Cost Plus Drug Company because every American should have access to safe, affordable medicines…No American should have to suffer–or worse–because they can't afford basic prescription medications."
Trending: It&#8217;s no wonder Jeff Bezos holds over $70 million in art — <a href="https://www.benzinga.com/money/masterworks">this alternative asset has outpaced the S&amp;P 500 since 1995, delivering an average annual return of 11.4%. Here&#8217;s how everyday investors are getting started.</a>
In the company's mission statement, Cuban emphasized the need for transparent drug pricing and how customers should know exactly how those costs are calculated. The company's pricing model is simple: the cost of the drug plus a 15% markup and any applicable pharmacy fees.&nbsp;
One example of the company's impact is its pricing for Albendazole, a drug used to treat parasitic infections. Traditional pricing for the drug can reach $500 per treatment. Cost Plus offers it for $35, including pharmacy fees. Its cost for the drug is $26.08. The 15% markup brings it to about $30. Their pharmacy partners charge $5 to prepare and distribute the drug, bringing it to its cost of $35.
See Also: The average American couple has saved this much money for retirement —<a href="http://www.benzinga.com/money/smartasset"> How do you compare</a>?
Most insurers and employers contract with <a href="https://www.benzinga.com/24/12/42554729/pharmacy-benefit-managers-played-key-role-in-worsening-opioid-crisis-drug-makers-paid-staggering-rebates-to-the-middlemen">pharmacy benefit managers</a> to negotiate and manage prescription drug benefits. This leads to confusing costs and lack of transparency.&nbsp;
Cost Plus cuts the PBMs out of the equation and allows hospitals and clinics to redirect savings to other critical areas, like patient care and operational improvements.&nbsp;
Cuban plans to expand the Marketplace this year by adding more brand-name medications and biosimilars. As more people and companies start using this alternative for their prescription drugs, it could set a new standard for <a href="https://www.benzinga.com/general/biotech/25/01/43065450/teva-challenges-drug-price-laws-impact-on-innovation-generics">drug pricing</a> in the future and further disrupt the industry at large.&nbsp;
Read Next:
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<li><a href="https://www.benzinga.com/money/gbr-savings-by-age">If You're Age 35, 50, or 60: Here&#8217;s How Much You Should Have Saved Vs. Invested By Now</a></li>
<li>Can you guess how many retire with a $5,000,000 nest egg? <a href="https://www.benzinga.com/money/5mil-nest-egg-adv">The percentage may shock you</a>.</li>
</ul>

Personal Finance

Mark Cuban's Cost Plus Marketplace Now Sells Over 6,000 Medicines, Saving Customers Between 40-60% By Cutting Out The Middle Man

RBC Capital analyst Kenneth Lee maintains Artisan Partners Asset (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APAM#NYSE">APAM</a>) with a Outperform and lowers the price target from $53 to $51.

APAM

RBC Capital Maintains Outperform on Artisan Partners Asset, Lowers Price Target to $51

Scotiabank analyst Meny Grauman maintains Manulife Financial (TSX:<a class="ticker" href="https://www.benzinga.com/stock/MFC#TSX">MFC</a>) with a Sector Outperform and raises the price target from C$49 to C$53.

TSX:MFC

Scotiabank Maintains Sector Outperform on Manulife Financial, Raises Price Target to C$53

Scotiabank analyst Meny Grauman downgrades iA Financial (TSX:<a class="ticker" href="https://www.benzinga.com/stock/IAG#TSX">IAG</a>) from Sector Outperform to Sector Perform and announces C$143 price target.

Downgrades

TSX:IAG

Scotiabank Downgrades iA Financial to Sector Perform, Announces C$143 Price Target

Contracts

NCR Voyix Awarded $335M Contract With Defense Commissary Agency For DeCA Enterprise Business Operations Solutions

Scotiabank analyst Meny Grauman upgrades Great-West Lifeco (TSX:<a class="ticker" href="https://www.benzinga.com/stock/GWO#TSX">GWO</a>) from Sector Perform to Sector Outperform and raises the price target from C$52 to C$59.

Upgrades

TSX:GWO

Scotiabank Upgrades Great-West Lifeco to Sector Outperform, Raises Price Target to C$59

Morgan Stanley analyst Piyush Sood maintains Commercial Metals (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMC#NYSE">CMC</a>) with a Equal-Weight and lowers the price target from $65 to $56.

Morgan Stanley Maintains Equal-Weight on Commercial Metals, Lowers Price Target to $56

SoundHound AI's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOUN#NYSE">SOUN</a>) short percent of float has risen 25.93% since its last report. The company recently reported that it has 100.76 million shares sold short, which is 30.11% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.45 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>SoundHound AI Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1738593025_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for SoundHound AI has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing SoundHound AI's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, SoundHound AI's peer group average for short interest as a percentage of float is 9.06%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

SOUN

How Is The Market Feeling About SoundHound AI?

Morgan Stanley analyst Carlos De Alba maintains Cleveland-Cliffs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>) with a Equal-Weight and lowers the price target from $13 to $11.

Morgan Stanley Maintains Equal-Weight on Cleveland-Cliffs, Lowers Price Target to $11

Trading Halt: Halt status updated at 8:55:00 AM ET: Quotation Resumption: News and Resumption Times

Trading Halt: Halted at 7:50:00 p.m. ET - Trading Halt: Halt News Pending

Investors now have more ways to invest in or against MicroStrategy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), a software company and Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) holder that has outperformed top stocks, asset types and index funds <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39817792/missed-out-on-nvidia-michael-saylor-says-get-on-the-bitcoin-standard-for-even-better-retur">in recent years.</a>



What Happened: REX Shares and Tuttle Capital Management launched two new ETFs Wednesday to give investors more ways to get exposure <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40878741/canaccord-lowers-microstrategy-price-target-to-173-cites-ongoing-bitcoin-accumulation">to MicroStrategy stock </a>with leveraged and inverse ETFs.



The two companies launched the T-REX 2X Long MSTR Daily Target ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/MSTU#BATS">MSTU</a>) and the T-REX 2X Inverse MSTR Daily Target ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/MSTZ#BATS">MSTZ</a>).



"These are the first ETFs to provide investors with 200% leveraged exposure and -200% inverse exposure to the daily price movement of MicroStrategy (MSTR), allowing traders to capitalize on MSTR's exposure to the Bitcoin market," the companies said.



The launch comes after <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40399008/mstx-becomes-first-single-stock-leveraged-etf-for-microstrategy-stock-offers-175-exposure">Defiance launched</a> a 1.75X long MicroStrategy ETF and 1.5X Short MicroStrategy ETF in August with the Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTX#NASDAQ">MSTX</a>) and Defiance Daily Target 1.5X Short MSTR ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMST#NASDAQ">SMST</a>) respectively.



With the new 2X ETFs, REX and Tuttle have pushed the envelope further.



"The 2X Leveraged and 2X Inverse MSTR ETFs offer traders unparalleled access to MicroStrategy's Bitcoin exposure, whether they're looking to amplify potential gains or hedge against market volatility. We're a product of our ability to redefine what's possible in the ETF industry," Tuttle Capital Management CEO Matthew Tuttle said.



REX Shares CEO Greg King said the new ETFs help provide tools to traders "to engage with a company that's pushing the boundaries in digital assets."



"MicroStrategy's forward-thinking approach presents a compelling opportunity for traders seeking additional ways to trade the stock," King added.



The launches follow several other leveraged and inverse ETFs from REX and Tuttle Capital. The two companies launched the T-REX 2X Long Bitcoin Daily Target ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/BTCL#BATS">BTCL</a>) and T-REX 2X Inverse Bitcoin Daily Target ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/BTCZ#BATS">BTCZ</a>) in July.



Read Also: <a href="https://www.benzinga.com/etfs/specialty-etfs/24/09/40802938/fund-manager-who-bet-against-jim-cramer-and-cathie-wood-has-new-anti-woke-etf-puts-profits-ah">Fund Manager Who Bet Against Jim Cramer And Cathie Wood Has New Anti-Woke ETF: &#8216;Puts Profits Ahead Of Politics, DEI &amp; ESG&#8217;</a>



Why It's Important: MicroStrategy has been a top-performing stock, gaining 94% year-to-date in 2024 and gaining 790% over the last five years.



The company has also seen shares highly volatile as related to the price of Bitcoin because the company is a large holder of the leading cryptocurrency.



MicroStrategy <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40857237/microstrategy-stock-climbs-after-bitcoin-purchase-heres-how-much-btc-michael-saylors-compa">recently announced it bought</a> $1.1 billion worth of Bitcoin bringing its total up to 244,800 Bitcoin. The company <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40919378/microstrategy-raises-875m-in-convertible-notes-plans-further-bitcoin-purchases">recently raised</a> over $800 million to redeem $500 million in senior secured notes and to buy additional Bitcoin.



MicroStrategy began buying Bitcoin in August 2020 and will continue to add more Bitcoin, as co-founder and Executive Chairman Michael Saylor <a href="https://www.benzinga.com/markets/cryptocurrency/22/06/27865236/exclusive-michael-saylors-microstrategy-is-married-to-bitcoin-everything-else-in-the-world">previously told Benzinga.</a>



"We have a simple strategy and our strategy is we just acquire Bitcoin, and we hold the Bitcoin," Saylor told Benzinga.



Saylor said he believes Bitcoin is the best asset in the world.



"Everything else in the world is inferior to Bitcoin. So, if you gave me $1 million and said what do you want to buy, I don't want to buy a sports team, I don't want to buy a building, I don't want to buy a company … all I want to buy is Bitcoin," Saylor previously told Benzinga.



Saylor also previously said that if people hate Bitcoin, they can short MicroStrategy and if they love Bitcoin they could buy the stock.



While investors have more ways to get Bitcoin exposure thanks to cryptocurrency exchanges and Bitcoin ETFs, MicroStrategy remains a popular option to get exposure.



With the new leveraged and inverse ETFs, investors have more ways to predict what will happen to MicroStrategy in terms of the stock going up or down.



Tuttle <a href="https://www.benzinga.com/markets/cryptocurrency/24/01/36500461/exclusive-the-man-who-shorts-cathie-wood-and-jim-cramer-filed-for-new-bitcoin-etfs-why-lev">previously told Benzinga</a> that leveraged and inverse ETFs aren't for all investors, but have an important place in the market.



"They are a tool, just like stocks, bonds, ETFs, mutual funds, options, etc.," Tuttle told Benzinga. "Just like any tool some people will use them correctly and others won't."



Tuttle said that leveraged ETFs can be used by investors as an &#8220;alternative to options.&#8221;



&#8220;Unlike options, they can be traded after hours. They are very conducive to short-term trading strategies.&#8221;



Read Next: 



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<li><a href="https://www.benzinga.com/top-stories/24/09/40855829/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet">Benzinga&#8217;s &#8216;Stock Whisper&#8217; Index: 5 Stocks Investors Secretly Monitor But Don&#8217;t Talk About Yet</a></li>
</ul>



Photo: Master Tux from Pixabay

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