Investors Purchase High Volume of Defiance Daily Target 1.75X Long MSTR ETF Call Options (NASDAQ:MSTX)

Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX) saw some unusual options trading activity on Thursday. Investors acquired 47,324 call options on the company. This represents an increase of approximately 78% compared to the average volume of 26,530 call options.

Defiance Daily Target 1.75X Long MSTR ETF Trading Down 19.4%

Shares of MSTX opened at $3.19 on Friday. The firm has a market capitalization of $308.06 million, a P/E ratio of -18.76 and a beta of 2.11. The stock’s fifty day simple moving average is $4.73 and its 200 day simple moving average is $17.50. Defiance Daily Target 1.75X Long MSTR ETF has a twelve month low of $3.01 and a twelve month high of $49.76.

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

Several hedge funds and other institutional investors have recently modified their holdings of MSTX. Parallel Advisors LLC increased its position in Defiance Daily Target 1.75X Long MSTR ETF by 650.0% during the 3rd quarter. Parallel Advisors LLC now owns 1,500 shares of the company’s stock worth $32,000 after purchasing an additional 1,300 shares in the last quarter. Farther Finance Advisors LLC grew its stake in Defiance Daily Target 1.75X Long MSTR ETF by 20,359.6% during the fourth quarter. Farther Finance Advisors LLC now owns 112,528 shares of the company’s stock worth $433,000 after buying an additional 111,978 shares during the period. Vestor Capital LLC increased its position in shares of 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 acquiring an additional 62,577 shares in the last quarter. Finally, BNP Paribas Financial Markets purchased a new position in shares of Defiance Daily Target 1.75X Long MSTR ETF in the 2nd quarter valued at $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.