Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX) Trading Up 7.2% – Time to Buy?

Shares of Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX) rose 7.2% on Monday . The stock traded as high as $38.18 and last traded at $38.25. Approximately 3,166,199 shares were traded during mid-day trading, a decline of 63% from the average daily volume of 8,564,751 shares. The stock had previously closed at $35.69.

Defiance Daily Target 1.75X Long MSTR ETF Price Performance

The business has a 50 day moving average price of $34.55 and a two-hundred day moving average price of $46.70. The stock has a market cap of $1.68 billion and a PE ratio of -230.41.

Institutional Trading of Defiance Daily Target 1.75X Long MSTR ETF

Large investors have recently modified their holdings of the business. MassMutual Private Wealth & Trust FSB purchased a new position in shares of Defiance Daily Target 1.75X Long MSTR ETF during the first quarter valued at approximately $39,000. Vestor Capital LLC grew its stake in Defiance Daily Target 1.75X Long MSTR ETF by 39.9% in the first quarter. Vestor Capital LLC now owns 3,544 shares of the company’s stock worth $91,000 after purchasing an additional 1,011 shares during the period. Finally, OLD Mission Capital LLC bought a new position in Defiance Daily Target 1.75X Long MSTR ETF in the first quarter worth $449,000. 4.09% of the stock is owned by institutional investors.

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.