Defiance Daily Target 2X Long SOFI ETF (NASDAQ:SOFX) Shares Down 6.7% – Should You Sell?

Shares of Defiance Daily Target 2X Long SOFI ETF (NASDAQ:SOFX) were down 6.7% during trading on Friday. The stock traded as low as $5.63 and last traded at $5.81. Approximately 1,676,037 shares were traded during trading, an increase of 43% from the average daily volume of 1,169,722 shares. The stock had previously closed at $6.23.

Defiance Daily Target 2X Long SOFI ETF Price Performance

The stock’s fifty day simple moving average is $8.43 and its two-hundred day simple moving average is $9.33. The company has a market capitalization of $46.71 million, a price-to-earnings ratio of 23.00 and a beta of 4.53.

Institutional Investors Weigh In On Defiance Daily Target 2X Long SOFI ETF

An institutional investor recently raised its stake in Defiance Daily Target 2X Long SOFI ETF stock. Optiver Holding B.V. raised its holdings in shares of Defiance Daily Target 2X Long SOFI ETF (NASDAQ:SOFX) by 570.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 53,788 shares of the company’s stock after buying an additional 45,762 shares during the period. Optiver Holding B.V. owned about 1.03% of Defiance Daily Target 2X Long SOFI ETF worth $502,000 as of its most recent SEC filing.

Defiance Daily Target 2X Long SOFI ETF Company Profile

The Defiance Daily Target 2X Long SOFI ETF (SOFX) is an exchange-traded fund that mostly invests in financials equity. The fund seeks to deliver 2x leveraged exposure to the daily share price movement of SoFi Technologies, Inc (SOFI), less fees and expenses, through derivatives like swap agreements SOFX was launched on Jan 15, 2025 and is issued by Defiance.