Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX – Get Free Report)’s share price traded down 8.8% during mid-day trading on Friday . The stock traded as low as $7.61 and last traded at $7.82. Approximately 9,878,035 shares were traded during mid-day trading, an increase of 60% from the average daily volume of 6,164,917 shares. The stock had previously closed at $8.57.
Defiance Daily Target 1.75X Long MSTR ETF Trading Down 8.8%
The company has a market cap of $138.41 million, a P/E ratio of -46.00 and a beta of 4.17. The business’s 50 day simple moving average is $10.04 and its 200 day simple moving average is $21.14.
Institutional Trading of Defiance Daily Target 1.75X Long MSTR ETF
Institutional investors and hedge funds have recently modified their holdings of the company. BNP Paribas Financial Markets purchased a new position in shares of Defiance Daily Target 1.75X Long MSTR ETF during the 2nd quarter valued at $12,726,000. Farther Finance Advisors LLC increased 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 buying an additional 111,978 shares in the last quarter. Jump Financial LLC raised its holdings in Defiance Daily Target 1.75X Long MSTR ETF by 431.4% during the fourth quarter. Jump Financial LLC now owns 54,077 shares of the company’s stock valued at $208,000 after acquiring an additional 43,900 shares during the period. Parallel Advisors LLC raised its holdings in Defiance Daily Target 1.75X Long MSTR ETF by 791.3% during the fourth quarter. Parallel Advisors LLC now owns 13,369 shares of the company’s stock valued at $51,000 after acquiring an additional 11,869 shares during the period. Finally, Bogart Wealth LLC bought a new stake in Defiance Daily Target 1.75X Long MSTR ETF during the fourth quarter valued at about $31,000. 4.09% of the stock is currently owned by 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.
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