Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX) Trading Down 12.5% – What’s Next?

Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX) was down 12.5% during mid-day trading on Thursday . The stock traded as low as $7.99 and last traded at $8.24. 7,859,880 shares were traded during mid-day trading, an increase of 29% from the average daily volume of 6,092,540 shares. The stock had previously closed at $9.42.

Defiance Daily Target 1.75X Long MSTR ETF Price Performance

The firm’s 50-day moving average price is $15.85 and its 200 day moving average price is $25.19. The firm has a market capitalization of $155.82 million, a price-to-earnings ratio of -48.47 and a beta of 4.25.

Institutional Trading of Defiance Daily Target 1.75X Long MSTR ETF

Several institutional investors and hedge funds have recently made changes to their positions in MSTX. Parallel Advisors LLC boosted its stake in shares of Defiance Daily Target 1.75X Long MSTR ETF by 650.0% during the 3rd quarter. Parallel Advisors LLC now owns 1,500 shares of the company’s stock worth $32,000 after purchasing an additional 1,300 shares during the last quarter. Bogart Wealth LLC purchased a new position in Defiance Daily Target 1.75X Long MSTR ETF during the fourth quarter worth approximately $31,000. Jump Financial LLC raised its stake 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 worth $208,000 after purchasing an additional 43,900 shares during the period. Farther Finance Advisors LLC boosted its holdings 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 during the last quarter. Finally, BNP Paribas Financial Markets acquired a new position in shares of Defiance Daily Target 1.75X Long MSTR ETF in the 2nd quarter valued at $12,726,000. 4.09% of the stock is currently owned by hedge funds and other 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.