Short Interest in Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX) Rises By 69.5%

Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 5,746,484 shares, an increase of 69.5% from the May 31st total of 3,390,229 shares. Based on an average daily trading volume, of 5,160,523 shares, the short-interest ratio is currently 1.1 days. Approximately 47.1% of the company’s stock are sold short.

Defiance Daily Target 1.75X Long MSTR ETF Stock Performance

Defiance Daily Target 1.75X Long MSTR ETF stock opened at $9.83 on Friday. Defiance Daily Target 1.75X Long MSTR ETF has a 1-year low of $6.72 and a 1-year high of $497.55. The firm has a market capitalization of $176.94 million, a price-to-earnings ratio of -57.82 and a beta of 4.26. The firm’s fifty day moving average price is $23.68 and its two-hundred day moving average price is $28.51.

Hedge Funds Weigh In On Defiance Daily Target 1.75X Long MSTR ETF

Several large investors have recently added to or reduced their stakes in the business. Jump Financial LLC boosted its stake in Defiance Daily Target 1.75X Long MSTR ETF by 431.4% during 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 during the last quarter. Parallel Advisors LLC raised its stake in shares of 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 worth $51,000 after purchasing an additional 11,869 shares during the last quarter. Bogart Wealth LLC purchased a new stake in shares of Defiance Daily Target 1.75X Long MSTR ETF in the fourth quarter worth approximately $31,000. Farther Finance Advisors LLC lifted its holdings in shares of 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 purchasing an additional 111,978 shares in the last quarter. Finally, BNP Paribas Financial Markets bought a new position in shares of Defiance Daily Target 1.75X Long MSTR ETF in the second quarter valued at approximately $12,726,000. Institutional investors own 4.09% of the company’s stock.

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.