Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX) Stock Price Down 15.8% – Here’s Why

Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX) was down 15.8% on Tuesday . The company traded as low as $13.81 and last traded at $14.57. Approximately 5,530,775 shares were traded during trading, a decline of 2% from the average daily volume of 5,649,564 shares. The stock had previously closed at $17.31.

Defiance Daily Target 1.75X Long MSTR ETF Price Performance

The stock has a market capitalization of $177.75 million, a P/E ratio of -85.71 and a beta of 3.71. The company’s 50 day simple moving average is $28.05 and its two-hundred day simple moving average is $34.24.

Institutional Trading of Defiance Daily Target 1.75X Long MSTR ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its position in 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 purchasing an additional 111,978 shares during the period. BNP Paribas Financial Markets bought a new stake in shares of Defiance Daily Target 1.75X Long MSTR ETF during the second quarter worth approximately $12,726,000. Jump Financial LLC raised its stake in shares of 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 worth $208,000 after buying an additional 43,900 shares during the last quarter. Parallel Advisors LLC lifted its holdings in 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 during the period. Finally, Bogart Wealth LLC acquired a new position in shares of Defiance Daily Target 1.75X Long MSTR ETF in the 4th quarter valued at $31,000. 4.09% of the stock is owned by 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.