Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX) Stock Price Down 12.5% – What’s Next?

Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX)’s stock price was down 12.5% during trading on Thursday . The stock traded as low as $7.99 and last traded at $8.24. 7,859,880 shares traded hands during trading, an increase of 29% from the average session volume of 6,092,540 shares. The stock had previously closed at $9.42.

Defiance Daily Target 1.75X Long MSTR ETF Stock Performance

The firm has a market cap of $155.82 million, a price-to-earnings ratio of -48.47 and a beta of 4.25. The business has a fifty day moving average of $15.85 and a two-hundred day moving average of $25.19.

Institutional Trading of Defiance Daily Target 1.75X Long MSTR ETF

A number of institutional investors have recently bought and sold shares of the company. Parallel Advisors LLC increased its position 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 valued at $32,000 after buying an additional 1,300 shares in the last quarter. Bogart Wealth LLC purchased a new stake in shares of Defiance Daily Target 1.75X Long MSTR ETF in the 4th quarter worth about $31,000. Jump Financial LLC boosted its position in shares of Defiance Daily Target 1.75X Long MSTR ETF by 431.4% in the 4th quarter. Jump Financial LLC now owns 54,077 shares of the company’s stock worth $208,000 after buying an additional 43,900 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of Defiance Daily Target 1.75X Long MSTR ETF by 20,359.6% in the 4th 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 in the last quarter. Finally, BNP Paribas Financial Markets acquired a new stake in Defiance Daily Target 1.75X Long MSTR ETF in the 2nd quarter valued at about $12,726,000. 4.09% of the stock is currently owned by hedge funds and other institutional investors.

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.