Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX) Shares Down 3% – Time to Sell?

Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX)’s stock price fell 3% during trading on Thursday . The stock traded as low as $4.20 and last traded at $4.24. 39,146,091 shares were traded during trading, an increase of 219% from the average session volume of 12,271,275 shares. The stock had previously closed at $4.37.

Defiance Daily Target 1.75X Long MSTR ETF Price Performance

The business’s fifty day moving average price is $10.03 and its two-hundred day moving average price is $24.42. The stock has a market capitalization of $185.25 million, a PE ratio of -24.94 and a beta of 2.11.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of MSTX. Parallel Advisors LLC raised its stake in shares of Defiance Daily Target 1.75X Long MSTR ETF by 650.0% in the third quarter. Parallel Advisors LLC now owns 1,500 shares of the company’s stock worth $32,000 after purchasing an additional 1,300 shares during the last quarter. Sterling Investment Advisors Ltd. acquired a new position in Defiance Daily Target 1.75X Long MSTR ETF in the 2nd quarter worth approximately $315,000. OLD Mission Capital LLC purchased a new position in Defiance Daily Target 1.75X Long MSTR ETF during the 1st quarter worth approximately $449,000. Vestor Capital LLC lifted its stake in Defiance Daily Target 1.75X Long MSTR ETF by 1,765.7% during the 2nd quarter. Vestor Capital LLC now owns 66,121 shares of the company’s stock valued at $2,669,000 after acquiring an additional 62,577 shares during the period. Finally, BNP Paribas Financial Markets acquired a new stake in Defiance Daily Target 1.75X Long MSTR ETF during the 2nd quarter valued at approximately $12,726,000. 4.09% of the stock is owned by institutional investors and hedge funds.

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.