Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX) Stock to Reverse Split on Wednesday, March 18th

Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX) shares are scheduled to reverse split before the market opens on Wednesday, March 18th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Tuesday, March 17th.

Defiance Daily Target 1.75X Long MSTR ETF Trading Down 5.5%

Shares of NASDAQ:MSTX opened at $2.25 on Monday. The firm’s 50 day moving average is $3.48 and its two-hundred day moving average is $11.79. The firm has a market capitalization of $199.91 million, a P/E ratio of -13.24 and a beta of 2.11. Defiance Daily Target 1.75X Long MSTR ETF has a 52 week low of $1.57 and a 52 week high of $49.76.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in MSTX. Vestor Capital LLC grew its stake 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 purchasing an additional 62,577 shares in the last quarter. BNP Paribas Financial Markets acquired a new stake in Defiance Daily Target 1.75X Long MSTR ETF in the second quarter worth about $12,726,000. Parallel Advisors LLC grew its position in Defiance Daily Target 1.75X Long MSTR ETF by 650.0% in the 3rd quarter. Parallel Advisors LLC now owns 1,500 shares of the company’s stock valued at $32,000 after buying an additional 1,300 shares in the last quarter. Farther Finance Advisors LLC increased its stake in Defiance Daily Target 1.75X Long MSTR ETF by 20,359.6% during the 4th quarter. Farther Finance Advisors LLC now owns 112,528 shares of the company’s stock valued at $433,000 after buying an additional 111,978 shares during the period. Finally, Bogart Wealth LLC acquired a new position in Defiance Daily Target 1.75X Long MSTR ETF during the 4th quarter valued at about $31,000. Institutional investors and hedge funds own 4.09% of the company’s stock.

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.