Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX) Short Interest Down 36.8% in April

Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX) was the recipient of a significant decrease in short interest in April. As of April 30th, there was short interest totaling 1,941,082 shares, a decrease of 36.8% from the April 15th total of 3,070,856 shares. Based on an average trading volume of 4,086,121 shares, the days-to-cover ratio is presently 0.5 days. Approximately 15.9% of the shares of the company are sold short.

Hedge Funds Weigh In On Defiance Daily Target 1.75X Long MSTR ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Parallel Advisors LLC grew 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 valued at $32,000 after acquiring an additional 1,300 shares in the last quarter. Bogart Wealth LLC acquired a new position in shares of Defiance Daily Target 1.75X Long MSTR ETF in the fourth quarter valued at about $31,000. Jump Financial LLC grew its stake in Defiance Daily Target 1.75X Long MSTR ETF by 431.4% during 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 in the last quarter. Farther Finance Advisors LLC grew its stake in Defiance Daily Target 1.75X Long MSTR ETF by 20,359.6% during 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 in the last quarter. Finally, BNP Paribas Financial Markets acquired a new stake in Defiance Daily Target 1.75X Long MSTR ETF during the second quarter worth about $12,726,000. 4.09% of the stock is currently owned by institutional investors and hedge funds.

Defiance Daily Target 1.75X Long MSTR ETF Trading Down 12.0%

Shares of NASDAQ:MSTX traded down $4.28 on Monday, hitting $31.39. The company had a trading volume of 2,736,961 shares, compared to its average volume of 5,913,113. Defiance Daily Target 1.75X Long MSTR ETF has a 1-year low of $15.70 and a 1-year high of $497.55. The stock has a market cap of $382.96 million, a price-to-earnings ratio of -184.65 and a beta of 4.10. The stock has a 50 day moving average price of $28.10 and a 200 day moving average price of $43.84.

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.