Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX) Sets New 52-Week Low – Here’s What Happened

Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX)’s stock price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $14.93 and last traded at $15.43, with a volume of 9299070 shares. The stock had previously closed at $17.92.

Defiance Daily Target 1.75X Long MSTR ETF Trading Up 2.8%

The stock has a 50 day simple moving average of $22.44 and a 200-day simple moving average of $31.94. The firm has a market cap of $651.55 million and a P/E ratio of -95.53.

Institutional Trading of Defiance Daily Target 1.75X Long MSTR ETF

A number of large investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets bought a new stake in Defiance Daily Target 1.75X Long MSTR ETF in the 2nd quarter worth approximately $12,726,000. Vestor Capital LLC increased its stake in Defiance Daily Target 1.75X Long MSTR ETF by 1,765.7% in the 2nd quarter. Vestor Capital LLC now owns 66,121 shares of the company’s stock worth $2,669,000 after acquiring an additional 62,577 shares during the last quarter. OLD Mission Capital LLC bought a new stake in Defiance Daily Target 1.75X Long MSTR ETF in the 1st quarter worth approximately $449,000. Finally, Sterling Investment Advisors Ltd. bought a new stake in Defiance Daily Target 1.75X Long MSTR ETF in the 2nd quarter worth approximately $315,000. Institutional investors own 4.09% of the company’s stock.

About Defiance Daily Target 1.75X Long MSTR ETF

The Defiance Daily Target 2x Long MSTR ETF (MSTX) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to provide 2x leveraged exposure to the daily share price movement of the MicroStrategy Incorporated (NYSE: MSTR), less fees and expenses. MSTX was launched on Aug 14, 2024 and is issued by Defiance.