Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX) Shares Up 6.5% – Time to Buy?

Shares of Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX) shot up 6.5% during trading on Thursday . The stock traded as high as $2.30 and last traded at $2.28. 83,329,845 shares traded hands during mid-day trading, an increase of 22% from the average session volume of 68,184,352 shares. The stock had previously closed at $2.14.

Defiance Daily Target 1.75X Long MSTR ETF Price Performance

The stock has a market capitalization of $207.02 million, a PE ratio of -13.71 and a beta of 2.11. The company has a 50-day moving average of $3.71 and a two-hundred day moving average of $13.24.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vestor Capital LLC increased its stake in shares of Defiance Daily Target 1.75X Long MSTR ETF by 1,765.7% in the second quarter. Vestor Capital LLC now owns 66,121 shares of the company’s stock worth $2,669,000 after buying an additional 62,577 shares during the last quarter. BNP Paribas Financial Markets purchased a new position in shares of Defiance Daily Target 1.75X Long MSTR ETF during the second quarter valued at $12,726,000. Parallel Advisors LLC raised its holdings in shares of Defiance Daily Target 1.75X Long MSTR ETF by 650.0% during 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 in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Defiance Daily Target 1.75X Long MSTR ETF by 20,359.6% during the 4th quarter. Farther Finance Advisors LLC now owns 112,528 shares of the company’s stock valued at $433,000 after purchasing an additional 111,978 shares in the last quarter. Finally, Bogart Wealth LLC acquired a new stake in Defiance Daily Target 1.75X Long MSTR ETF in the 4th quarter worth approximately $31,000. Hedge funds and other institutional investors own 4.09% of the company’s stock.

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.