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

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

Defiance Daily Target 1.75X Long MSTR ETF Stock Performance

Shares of MSTX stock traded up $1.24 during midday trading on Thursday, reaching $9.77. 12,596,120 shares of the company were exchanged, compared to its average volume of 5,939,852. The company’s 50 day moving average price is $24.69 and its two-hundred day moving average price is $29.16. The company has a market cap of $175.86 million, a P/E ratio of -57.47 and a beta of 4.26. Defiance Daily Target 1.75X Long MSTR ETF has a 12 month low of $6.72 and a 12 month high of $497.55.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MSTX. Jump Financial LLC lifted its position in Defiance Daily Target 1.75X Long MSTR ETF by 431.4% in 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. Parallel Advisors LLC increased its position in shares of Defiance Daily Target 1.75X Long MSTR ETF by 791.3% during the 4th quarter. Parallel Advisors LLC now owns 13,369 shares of the company’s stock valued at $51,000 after purchasing an additional 11,869 shares during the period. Bogart Wealth LLC acquired a new position in shares of Defiance Daily Target 1.75X Long MSTR ETF during the 4th quarter valued at $31,000. Farther Finance Advisors LLC raised 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 worth $433,000 after buying an additional 111,978 shares in the last quarter. Finally, BNP Paribas Financial Markets bought a new stake in shares of Defiance Daily Target 1.75X Long MSTR ETF in the 2nd quarter worth $12,726,000. 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.