Defiance Daily Target 2X Long SOFI ETF (NASDAQ:SOFX) Stock Jumps 2.7% – Here’s Why

Defiance Daily Target 2X Long SOFI ETF (NASDAQ:SOFX) shares were up 2.7% on Thursday. The company traded as high as $8.01 and last traded at $7.96. 1,446,375 shares traded hands during mid-day trading, an increase of 28% from the average daily volume of 1,129,327 shares. The stock had previously closed at $7.75.

Defiance Daily Target 2X Long SOFI ETF Stock Down 2.9%

The company has a market cap of $52.33 million, a price-to-earnings ratio of 23.00 and a beta of 4.41. The company’s fifty day moving average price is $9.14 and its two-hundred day moving average price is $9.81.

Hedge Funds Weigh In On Defiance Daily Target 2X Long SOFI ETF

An institutional investor recently raised its stake in Defiance Daily Target 2X Long SOFI ETF stock. Optiver Holding B.V. boosted its position in shares of Defiance Daily Target 2X Long SOFI ETF (NASDAQ:SOFX) by 570.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,788 shares of the company’s stock after purchasing an additional 45,762 shares during the period. Optiver Holding B.V. owned about 1.03% of Defiance Daily Target 2X Long SOFI ETF worth $502,000 at the end of the most recent reporting period.

About Defiance Daily Target 2X Long SOFI ETF

The Defiance Daily Target 2X Long SOFI ETF (SOFX) is an exchange-traded fund that mostly invests in financials equity. The fund seeks to deliver 2x leveraged exposure to the daily share price movement of SoFi Technologies, Inc (SOFI), less fees and expenses, through derivatives like swap agreements SOFX was launched on Jan 15, 2025 and is issued by Defiance.