Defiance Daily Target 2X Long SOFI ETF (NASDAQ:SOFX) Trading Down 0.4% – Here’s Why

Defiance Daily Target 2X Long SOFI ETF (NASDAQ:SOFX)’s stock price traded down 0.4% on Tuesday . The stock traded as low as $8.01 and last traded at $8.89. 1,887,812 shares were traded during trading, an increase of 87% from the average session volume of 1,011,476 shares. The stock had previously closed at $8.93.

Defiance Daily Target 2X Long SOFI ETF Stock Down 0.4%

The company has a market cap of $46.32 million, a price-to-earnings ratio of 23.00 and a beta of 4.30. The company’s fifty day moving average price is $9.93 and its two-hundred day moving average price is $19.16.

Hedge Funds Weigh In On Defiance Daily Target 2X Long SOFI ETF

A number of large investors have recently added to or reduced their stakes in the company. Jump Financial LLC bought a new position in shares of Defiance Daily Target 2X Long SOFI ETF during the fourth quarter worth about $233,000. Optiver Holding B.V. lifted its stake in Defiance Daily Target 2X Long SOFI ETF by 570.2% in the 1st quarter. Optiver Holding B.V. now owns 53,788 shares of the company’s stock valued at $502,000 after acquiring an additional 45,762 shares in the last quarter. Susquehanna International Group LLP lifted its stake in Defiance Daily Target 2X Long SOFI ETF by 36.8% in the 3rd quarter. Susquehanna International Group LLP now owns 91,432 shares of the company’s stock valued at $3,547,000 after acquiring an additional 24,575 shares in the last quarter. Finally, UBS Group AG boosted its position in Defiance Daily Target 2X Long SOFI ETF by 17,912.4% during the 3rd quarter. UBS Group AG now owns 168,596 shares of the company’s stock worth $6,540,000 after acquiring an additional 167,660 shares during the last quarter.

Defiance Daily Target 2X Long SOFI ETF Company Profile

The Defiance Daily Target 2X Long SOFI ETF (SOFX) is an exchange-traded fund that mostly invests in financials equity. The fund seeks to deliver 2x leveraged exposure to the daily share price movement of SoFi Technologies, Inc (SOFI), less fees and expenses, through derivatives like swap agreements SOFX was launched on Jan 15, 2025 and is issued by Defiance.