Defiance Daily Target 2X Long SOFI ETF (NASDAQ:SOFX) Stock Price Up 9.3% – Time to Buy?

Shares of Defiance Daily Target 2X Long SOFI ETF (NASDAQ:SOFXGet Free Report) shot up 9.3% during trading on Wednesday . The stock traded as high as $9.27 and last traded at $9.18. 1,416,477 shares traded hands during trading, an increase of 28% from the average session volume of 1,103,863 shares. The stock had previously closed at $8.40.

Defiance Daily Target 2X Long SOFI ETF Price Performance

The firm has a 50-day moving average of $9.75 and a 200-day moving average of $10.38. The stock has a market cap of $81.64 million, a PE ratio of 23.00 and a beta of 4.41.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Jump Financial LLC purchased a new position in shares of Defiance Daily Target 2X Long SOFI ETF during the 4th quarter worth about $233,000. UBS Group AG lifted its stake in Defiance Daily Target 2X Long SOFI ETF by 9.7% in the fourth quarter. UBS Group AG now owns 184,908 shares of the company’s stock worth $5,253,000 after purchasing an additional 16,312 shares during the last quarter. Susquehanna International Group LLP lifted its stake in Defiance Daily Target 2X Long SOFI ETF by 36.8% in the third quarter. Susquehanna International Group LLP now owns 91,432 shares of the company’s stock worth $3,547,000 after purchasing an additional 24,575 shares during the last quarter. Finally, Optiver Holding B.V. boosted its position in shares of Defiance Daily Target 2X Long SOFI ETF by 570.2% during the first quarter. Optiver Holding B.V. now owns 53,788 shares of the company’s stock valued at $502,000 after buying an additional 45,762 shares during the period.

About Defiance Daily Target 2X Long SOFI ETF

(Get Free Report)

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.

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