Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX) Trading 7.4% Higher – Time to Buy?

Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX) shares rose 7.4% during mid-day trading on Monday . The company traded as high as $21.03 and last traded at $21.22. Approximately 2,249,106 shares traded hands during mid-day trading, a decline of 75% from the average daily volume of 8,985,099 shares. The stock had previously closed at $19.76.

Defiance Daily Target 1.75X Long MSTR ETF Stock Performance

The business has a fifty day simple moving average of $28.94 and a 200-day simple moving average of $33.19. The firm has a market cap of $670.22 million and a price-to-earnings ratio of -129.18.

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

Institutional investors and hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets bought a new stake in shares of Defiance Daily Target 1.75X Long MSTR ETF in the 2nd quarter valued at about $12,726,000. Vestor Capital LLC grew its position in shares of Defiance Daily Target 1.75X Long MSTR ETF by 1,765.7% in the 2nd quarter. Vestor Capital LLC now owns 66,121 shares of the company’s stock valued at $2,669,000 after buying an additional 62,577 shares during the last quarter. OLD Mission Capital LLC bought a new stake in shares of Defiance Daily Target 1.75X Long MSTR ETF in the 1st quarter valued at about $449,000. Sterling Investment Advisors Ltd. bought a new stake in shares of Defiance Daily Target 1.75X Long MSTR ETF in the 2nd quarter valued at about $315,000. Finally, MassMutual Private Wealth & Trust FSB bought a new stake in shares of Defiance Daily Target 1.75X Long MSTR ETF in the 1st quarter valued at about $39,000. Institutional investors and hedge funds own 4.09% of the company’s stock.

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.