Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX) Short Interest Up 69.5% in June

Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTXGet Free Report) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 5,746,484 shares, a growth of 69.5% from the May 31st total of 3,390,229 shares. Based on an average trading volume of 5,160,523 shares, the short-interest ratio is currently 1.1 days. Approximately 47.1% of the shares of the company are sold short.

Institutional Investors Weigh In On Defiance Daily Target 1.75X Long MSTR ETF

A number of institutional investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC raised its stake 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 worth $433,000 after buying an additional 111,978 shares in the last quarter. Parallel Advisors LLC boosted its stake in shares of Defiance Daily Target 1.75X Long MSTR ETF by 791.3% in the fourth quarter. Parallel Advisors LLC now owns 13,369 shares of the company’s stock valued at $51,000 after buying an additional 11,869 shares in the last quarter. Bogart Wealth LLC acquired a new position in Defiance Daily Target 1.75X Long MSTR ETF during the fourth quarter worth $31,000. BNP Paribas Financial Markets acquired a new position in Defiance Daily Target 1.75X Long MSTR ETF during the second quarter worth $12,726,000. Finally, Jump Financial LLC raised its position in Defiance Daily Target 1.75X Long MSTR ETF by 431.4% in the fourth quarter. Jump Financial LLC now owns 54,077 shares of the company’s stock worth $208,000 after acquiring an additional 43,900 shares in the last quarter. Hedge funds and other institutional investors own 4.09% of the company’s stock.

Defiance Daily Target 1.75X Long MSTR ETF Price Performance

Shares of Defiance Daily Target 1.75X Long MSTR ETF stock remained flat at $9.83 on Friday. 13,112,141 shares of the stock were exchanged, compared to its average volume of 5,945,784. Defiance Daily Target 1.75X Long MSTR ETF has a twelve month low of $6.72 and a twelve month high of $497.55. The stock’s fifty day simple moving average is $24.25 and its two-hundred day simple moving average is $28.82. The firm has a market capitalization of $176.94 million, a price-to-earnings ratio of -57.82 and a beta of 4.26.

About Defiance Daily Target 1.75X Long MSTR ETF

(Get Free Report)

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.

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