Stock Traders Buy High Volume of Defiance Daily Target 1.75X Long MSTR ETF Call Options (NASDAQ:MSTX)

Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX) was the recipient of some unusual options trading on Wednesday. Stock investors purchased 32,269 call options on the stock. This represents an increase of approximately 24% compared to the average daily volume of 26,103 call options.

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. Parallel Advisors LLC raised its stake in shares of Defiance Daily Target 1.75X Long MSTR ETF by 650.0% in the third quarter. Parallel Advisors LLC now owns 1,500 shares of the company’s stock worth $32,000 after acquiring an additional 1,300 shares during the last quarter. Sterling Investment Advisors Ltd. acquired a new stake in shares of Defiance Daily Target 1.75X Long MSTR ETF in the second quarter valued at approximately $315,000. Vestor Capital LLC raised its position in Defiance Daily Target 1.75X Long MSTR ETF by 1,765.7% in the 2nd quarter. Vestor Capital LLC now owns 66,121 shares of the company’s stock worth $2,669,000 after purchasing an additional 62,577 shares during the last quarter. Finally, BNP Paribas Financial Markets acquired a new position in Defiance Daily Target 1.75X Long MSTR ETF during the 2nd quarter worth $12,726,000. Institutional investors and hedge funds own 4.09% of the company’s stock.

Defiance Daily Target 1.75X Long MSTR ETF Stock Performance

Shares of MSTX stock opened at $5.20 on Thursday. Defiance Daily Target 1.75X Long MSTR ETF has a 52 week low of $3.73 and a 52 week high of $64.40. The stock has a market capitalization of $394.99 million, a PE ratio of -30.59 and a beta of 2.11. The stock’s fifty day moving average is $5.67 and its 200-day moving average is $20.09.

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.