Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX) Shares Gap Up – Here’s Why

Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX)’s share price gapped up prior to trading on Friday . The stock had previously closed at $42.74, but opened at $44.50. Defiance Daily Target 1.75X Long MSTR ETF shares last traded at $44.99, with a volume of 2,148,937 shares.

Defiance Daily Target 1.75X Long MSTR ETF Stock Performance

The company’s 50-day moving average price is $38.87 and its 200-day moving average price is $37.35. The firm has a market capitalization of $1.37 billion and a PE ratio of -265.88.

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

Several large investors have recently modified their holdings of the company. Vestor Capital LLC raised its position in Defiance Daily Target 1.75X Long MSTR ETF by 39.9% in the 1st quarter. Vestor Capital LLC now owns 3,544 shares of the company’s stock valued at $91,000 after purchasing an additional 1,011 shares during the last quarter. MassMutual Private Wealth & Trust FSB acquired a new position in Defiance Daily Target 1.75X Long MSTR ETF in the first quarter valued at $39,000. Finally, OLD Mission Capital LLC purchased a new stake in shares of Defiance Daily Target 1.75X Long MSTR ETF in the first quarter valued at about $449,000. 4.09% of the stock is owned by institutional investors and hedge funds.

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.