Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX) Stock Price Up 7.1% – Time to Buy?

Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX)’s share price traded up 7.1% on Thursday . The company traded as high as $35.41 and last traded at $35.75. 5,751,164 shares changed hands during trading, a decline of 24% from the average session volume of 7,521,694 shares. The stock had previously closed at $33.38.

Defiance Daily Target 1.75X Long MSTR ETF Price Performance

The stock has a market capitalization of $995.65 million and a P/E ratio of -186.97. The company has a 50 day simple moving average of $43.34 and a 200-day simple moving average of $51.21.

Defiance Daily Target 1.75X Long MSTR ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Friday, January 3rd. Shareholders of record on Tuesday, December 31st were given a dividend of $14.4276 per share. The ex-dividend date of this dividend was Tuesday, December 31st. Defiance Daily Target 1.75X Long MSTR ETF’s dividend payout ratio is currently -8,482.35%.

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.