Defiance Daily Target 2X Long SOFI ETF (NASDAQ:SOFX) Shares Up 7% – Here’s Why

Defiance Daily Target 2X Long SOFI ETF (NASDAQ:SOFX) shares shot up 7% during mid-day trading on Thursday . The company traded as high as $9.27 and last traded at $8.98. 2,114,945 shares traded hands during trading, an increase of 173% from the average session volume of 775,030 shares. The stock had previously closed at $8.39.

Defiance Daily Target 2X Long SOFI ETF Trading Up 4.0%

The stock’s 50-day moving average is $11.57 and its 200-day moving average is $25.61. The stock has a market cap of $47.73 million, a price-to-earnings ratio of 23.00 and a beta of 7.00.

Institutional Trading of Defiance Daily Target 2X Long SOFI ETF

Large investors have recently bought and sold shares of the company. Jump Financial LLC acquired a new stake in Defiance Daily Target 2X Long SOFI ETF in the fourth quarter valued at approximately $233,000. Susquehanna International Group LLP grew its position in Defiance Daily Target 2X Long SOFI ETF by 36.8% in the third quarter. Susquehanna International Group LLP now owns 91,432 shares of the company’s stock valued at $3,547,000 after acquiring an additional 24,575 shares in the last quarter. Finally, UBS Group AG grew its position in Defiance Daily Target 2X Long SOFI ETF by 17,912.4% in the third quarter. UBS Group AG now owns 168,596 shares of the company’s stock valued at $6,540,000 after acquiring an additional 167,660 shares in the last quarter.

Defiance Daily Target 2X Long SOFI ETF Company Profile

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.