Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX) Stock Price Down 8.8% – Should You Sell?

Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX)’s share price dropped 8.8% during trading on Friday . The company traded as low as $7.61 and last traded at $7.82. Approximately 9,878,035 shares changed hands during trading, an increase of 60% from the average session volume of 6,164,917 shares. The stock had previously closed at $8.57.

Defiance Daily Target 1.75X Long MSTR ETF Price Performance

The company has a market cap of $138.41 million, a PE ratio of -46.00 and a beta of 4.17. The business has a 50 day moving average of $10.04 and a 200 day moving average of $21.14.

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

Several institutional investors and hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets bought a new stake in shares of Defiance Daily Target 1.75X Long MSTR ETF during the 2nd quarter valued at about $12,726,000. Farther Finance Advisors LLC lifted its holdings in 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 worth $433,000 after buying an additional 111,978 shares during the period. Jump Financial LLC lifted its holdings 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 buying an additional 43,900 shares during the period. Parallel Advisors LLC boosted its position in 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 acquiring an additional 11,869 shares in the last quarter. Finally, Bogart Wealth LLC bought a new stake in Defiance Daily Target 1.75X Long MSTR ETF during the 4th quarter valued at approximately $31,000. 4.09% of the stock is 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.