Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX) Stock Price Up 14.7% – Should You Buy?

Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX) shot up 14.7% during mid-day trading on Wednesday . The stock traded as high as $9.40 and last traded at $8.53. 12,902,153 shares were traded during trading, an increase of 119% from the average session volume of 5,883,875 shares. The stock had previously closed at $7.44.

Defiance Daily Target 1.75X Long MSTR ETF Stock Performance

The firm has a market capitalization of $104.07 million, a price-to-earnings ratio of -50.18 and a beta of 3.71. The business has a fifty day moving average price of $24.69 and a 200 day moving average price of $29.16.

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

Institutional investors have recently added to or reduced their stakes in the company. Bogart Wealth LLC acquired a new stake in Defiance Daily Target 1.75X Long MSTR ETF during the fourth quarter worth about $31,000. Parallel Advisors LLC lifted its stake in shares of Defiance Daily Target 1.75X Long MSTR ETF by 650.0% in the 3rd quarter. Parallel Advisors LLC now owns 1,500 shares of the company’s stock valued at $32,000 after purchasing an additional 1,300 shares in the last quarter. Jump Financial LLC lifted its stake in shares of Defiance Daily Target 1.75X Long MSTR ETF by 431.4% in the 4th quarter. Jump Financial LLC now owns 54,077 shares of the company’s stock valued at $208,000 after purchasing an additional 43,900 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in shares of 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 valued at $433,000 after purchasing an additional 111,978 shares in the last quarter. Finally, BNP Paribas Financial Markets purchased a new stake in shares of Defiance Daily Target 1.75X Long MSTR ETF during the 2nd quarter worth about $12,726,000. Hedge funds and other institutional investors own 4.09% of the company’s stock.

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.