Defiance Daily Target 2X Long SOFI ETF (NASDAQ:SOFX) Trading 7% Higher – Here’s Why

Defiance Daily Target 2X Long SOFI ETF (NASDAQ:SOFX) shares rose 7% during trading on Tuesday . The stock traded as high as $9.71 and last traded at $9.69. 730,554 shares were traded during mid-day trading, a decline of 33% from the average daily volume of 1,083,622 shares. The stock had previously closed at $9.06.

Defiance Daily Target 2X Long SOFI ETF Stock Up 7.0%

The company has a market cap of $86.53 million, a P/E ratio of 23.00 and a beta of 4.28. The company has a 50 day moving average price of $9.61 and a 200-day moving average price of $13.78.

Hedge Funds Weigh In On Defiance Daily Target 2X Long SOFI ETF

Several large investors have recently bought and sold shares of the stock. Jump Financial LLC bought a new stake in shares of Defiance Daily Target 2X Long SOFI ETF during the 4th quarter worth about $233,000. Optiver Holding B.V. boosted its holdings in shares of Defiance Daily Target 2X Long SOFI ETF by 570.2% in the first quarter. Optiver Holding B.V. now owns 53,788 shares of the company’s stock valued at $502,000 after acquiring an additional 45,762 shares in the last quarter. Susquehanna International Group LLP increased its stake in shares of Defiance Daily Target 2X Long SOFI ETF by 36.8% during the third quarter. Susquehanna International Group LLP now owns 91,432 shares of the company’s stock valued at $3,547,000 after acquiring an additional 24,575 shares during the period. Finally, UBS Group AG increased its stake in shares of Defiance Daily Target 2X Long SOFI ETF by 9.7% during the fourth quarter. UBS Group AG now owns 184,908 shares of the company’s stock valued at $5,253,000 after acquiring an additional 16,312 shares during the period.

About Defiance Daily Target 2X Long SOFI ETF

The Defiance Daily Target 2X Long SOFI ETF (SOFX) is an exchange-traded fund that mostly invests in financials equity. The fund seeks to deliver 2x leveraged exposure to the daily share price movement of SoFi Technologies, Inc (SOFI), less fees and expenses, through derivatives like swap agreements SOFX was launched on Jan 15, 2025 and is issued by Defiance.