Defiance Daily Target 1.75X Long MSTR ETF Sees Unusually Large Options Volume (NASDAQ:MSTX)

Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX) was the recipient of some unusual options trading on Thursday. Stock investors bought 47,324 call options on the company. This is an increase of approximately 78% compared to the typical daily volume of 26,530 call options.

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

MSTX traded down $0.77 during trading hours on Thursday, hitting $3.19. The stock had a trading volume of 79,625,073 shares, compared to its average volume of 55,127,090. Defiance Daily Target 1.75X Long MSTR ETF has a 1 year low of $3.01 and a 1 year high of $49.76. The company’s fifty day simple moving average is $4.73 and its 200 day simple moving average is $17.50. The stock has a market cap of $308.06 million, a PE ratio of -18.76 and a beta of 2.11.

Institutional Trading of Defiance Daily Target 1.75X Long MSTR ETF

A number of institutional investors have recently modified their holdings of MSTX. BNP Paribas Financial Markets bought a new stake in Defiance Daily Target 1.75X Long MSTR ETF during the second quarter worth about $12,726,000. Farther Finance Advisors LLC raised its holdings in shares of 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 in the last quarter. Vestor Capital LLC lifted its position in Defiance Daily Target 1.75X Long MSTR ETF by 1,765.7% in the 2nd quarter. Vestor Capital LLC now owns 66,121 shares of the company’s stock worth $2,669,000 after buying an additional 62,577 shares during the last quarter. Finally, Parallel Advisors LLC boosted its stake in 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 worth $32,000 after buying an additional 1,300 shares in the last quarter. 4.09% of the stock is currently owned by hedge funds and other institutional investors.

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.