Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX) Trading Down 8.8% – What’s Next?

Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX)’s stock price fell 8.8% during mid-day trading on Friday . The stock traded as low as $7.61 and last traded at $7.82. 9,878,035 shares changed hands during trading, an increase of 60% from the average daily volume of 6,164,917 shares. The stock had previously closed at $8.57.

Defiance Daily Target 1.75X Long MSTR ETF Stock Performance

The stock has a fifty day moving average of $10.04 and a 200 day moving average of $21.14. The company has a market capitalization of $138.41 million, a PE ratio of -46.00 and a beta of 4.17.

Institutional Investors Weigh In On Defiance Daily Target 1.75X Long MSTR ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets purchased a new position in shares of Defiance Daily Target 1.75X Long MSTR ETF in the second quarter worth $12,726,000. Farther Finance Advisors LLC grew its stake in Defiance Daily Target 1.75X Long MSTR ETF by 20,359.6% during the fourth quarter. Farther Finance Advisors LLC now owns 112,528 shares of the company’s stock valued at $433,000 after acquiring an additional 111,978 shares in the last quarter. Jump Financial LLC grew its stake in Defiance Daily Target 1.75X Long MSTR ETF by 431.4% during the fourth quarter. Jump Financial LLC now owns 54,077 shares of the company’s stock valued at $208,000 after acquiring an additional 43,900 shares in the last quarter. Parallel Advisors LLC increased its holdings in Defiance Daily Target 1.75X Long MSTR ETF by 791.3% in the 4th quarter. Parallel Advisors LLC now owns 13,369 shares of the company’s stock valued at $51,000 after acquiring an additional 11,869 shares during the last quarter. Finally, Bogart Wealth LLC bought a new stake in Defiance Daily Target 1.75X Long MSTR ETF in the 4th quarter valued at $31,000. Institutional investors own 4.09% of the company’s stock.

Defiance Daily Target 1.75X Long MSTR ETF Company Profile

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.