Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX) Trading 7.4% Higher – Time to Buy?

Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTXGet Free Report) traded up 7.4% on Monday . The stock traded as high as $21.03 and last traded at $21.22. 2,249,106 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 8,985,099 shares. The stock had previously closed at $19.76.

Defiance Daily Target 1.75X Long MSTR ETF Stock Performance

The stock has a market capitalization of $670.22 million and a price-to-earnings ratio of -129.18. The company has a fifty day simple moving average of $28.94 and a two-hundred day simple moving average of $33.19.

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

Institutional investors have recently modified their holdings of the business. MassMutual Private Wealth & Trust FSB acquired a new position in shares of Defiance Daily Target 1.75X Long MSTR ETF during the 1st quarter worth $39,000. Vestor Capital LLC raised its holdings in shares of Defiance Daily Target 1.75X Long MSTR ETF by 39.9% during the 1st quarter. Vestor Capital LLC now owns 3,544 shares of the company’s stock worth $91,000 after buying an additional 1,011 shares in the last quarter. OLD Mission Capital LLC acquired a new position in shares of Defiance Daily Target 1.75X Long MSTR ETF during the 1st quarter worth $449,000. BNP Paribas Financial Markets acquired a new position in shares of Defiance Daily Target 1.75X Long MSTR ETF during the 2nd quarter worth $12,726,000. Finally, Sterling Investment Advisors Ltd. acquired a new position in Defiance Daily Target 1.75X Long MSTR ETF in the 2nd quarter worth about $315,000. Institutional investors and hedge funds own 4.09% of the company’s stock.

About Defiance Daily Target 1.75X Long MSTR ETF

(Get Free Report)

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.

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