Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX) Stock Price Up 3.5% – Here’s Why

Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX) shot up 3.5% during trading on Monday . The stock traded as high as $24.90 and last traded at $24.26. 3,658,427 shares changed hands during mid-day trading, a decline of 52% from the average session volume of 7,602,688 shares. The stock had previously closed at $23.45.

Defiance Daily Target 1.75X Long MSTR ETF Trading Up 3.5%

The business has a fifty day simple moving average of $29.86 and a two-hundred day simple moving average of $92.72. The company has a market cap of $215.43 million, a PE ratio of -142.71 and a beta of 2.11.

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

A number of institutional investors and hedge funds have recently bought and sold shares of MSTX. BNP Paribas Financial Markets purchased a new stake in Defiance Daily Target 1.75X Long MSTR ETF during the 2nd quarter valued at about $12,726,000. Parallel Advisors LLC raised its holdings 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 acquiring an additional 1,300 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in 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 purchasing an additional 111,978 shares in the last quarter. Bogart Wealth LLC purchased a new position in Defiance Daily Target 1.75X Long MSTR ETF in the 4th quarter worth approximately $31,000. Finally, Jump Financial LLC boosted its holdings in shares of Defiance Daily Target 1.75X Long MSTR ETF by 431.4% during the 4th quarter. Jump Financial LLC now owns 54,077 shares of the company’s stock worth $208,000 after purchasing an additional 43,900 shares during the last quarter. 4.09% of the stock is currently 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.