Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX) Shares to Reverse Split on Wednesday, March 18th

Shares of Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX) are scheduled to reverse split on Wednesday, March 18th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Tuesday, March 17th.

Defiance Daily Target 1.75X Long MSTR ETF Stock Down 5.5%

Shares of NASDAQ:MSTX opened at $2.25 on Monday. The firm has a fifty day moving average of $3.48 and a two-hundred day moving average of $11.79. Defiance Daily Target 1.75X Long MSTR ETF has a 12-month low of $1.57 and a 12-month high of $49.76. The firm has a market capitalization of $199.91 million, a P/E ratio of -13.24 and a beta of 2.11.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Vestor Capital LLC raised its stake in shares of Defiance Daily Target 1.75X Long MSTR ETF by 1,765.7% during the 2nd quarter. Vestor Capital LLC now owns 66,121 shares of the company’s stock worth $2,669,000 after purchasing an additional 62,577 shares in the last quarter. BNP Paribas Financial Markets bought a new position in Defiance Daily Target 1.75X Long MSTR ETF during the second quarter valued at approximately $12,726,000. Parallel Advisors LLC lifted 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 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 fourth quarter. Farther Finance Advisors LLC now owns 112,528 shares of the company’s stock valued at $433,000 after acquiring an additional 111,978 shares during the last quarter. Finally, Bogart Wealth LLC bought a new stake in Defiance Daily Target 1.75X Long MSTR ETF in the fourth quarter worth approximately $31,000. 4.09% of the stock is owned by institutional investors and hedge funds.

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.