Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX) Short Interest Update

Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX) was the recipient of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 10,090,000 shares, an increase of 45.8% from the September 30th total of 6,920,000 shares. Currently, 25.1% of the shares of the company are sold short. Based on an average daily volume of 7,516,100 shares, the days-to-cover ratio is currently 1.3 days. Based on an average daily volume of 7,516,100 shares, the days-to-cover ratio is currently 1.3 days. Currently, 25.1% of the shares of the company are sold short.

Defiance Daily Target 1.75X Long MSTR ETF Price Performance

Defiance Daily Target 1.75X Long MSTR ETF stock opened at $11.54 on Wednesday. The company has a market cap of $479.03 million, a PE ratio of -67.88 and a beta of 2.11. The company has a fifty day moving average price of $20.67 and a two-hundred day moving average price of $31.56. Defiance Daily Target 1.75X Long MSTR ETF has a 12 month low of $11.43 and a 12 month high of $220.99.

Hedge Funds Weigh In On Defiance Daily Target 1.75X Long MSTR ETF

A number of hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets acquired a new position in Defiance Daily Target 1.75X Long MSTR ETF in the second quarter worth $12,726,000. Vestor Capital LLC boosted its holdings in Defiance Daily Target 1.75X Long MSTR ETF by 1,765.7% in the second quarter. Vestor Capital LLC now owns 66,121 shares of the company’s stock worth $2,669,000 after purchasing an additional 62,577 shares during the period. Sterling Investment Advisors Ltd. acquired a new position in Defiance Daily Target 1.75X Long MSTR ETF in the second quarter worth $315,000. Finally, OLD Mission Capital LLC bought a new stake in Defiance Daily Target 1.75X Long MSTR ETF in the first quarter valued at $449,000. Institutional investors and hedge funds 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.