Defiance Daily Target 2X Long SOFI ETF (NASDAQ:SOFX) Trading Down 2.6% – Here’s Why

Defiance Daily Target 2X Long SOFI ETF (NASDAQ:SOFX) shares dropped 2.6% during mid-day trading on Thursday . The stock traded as low as $13.93 and last traded at $14.45. Approximately 333,868 shares changed hands during trading, a decline of 43% from the average daily volume of 586,268 shares. The stock had previously closed at $14.84.

Defiance Daily Target 2X Long SOFI ETF Stock Performance

The stock has a market cap of $47.97 million, a price-to-earnings ratio of 23.00 and a beta of 9.88. The company has a 50-day simple moving average of $26.16 and a two-hundred day simple moving average of $34.58.

Institutional Trading of Defiance Daily Target 2X Long SOFI ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in SOFX. Jump Financial LLC acquired a new stake in Defiance Daily Target 2X Long SOFI ETF in the fourth quarter valued at $233,000. Susquehanna International Group LLP raised its holdings in shares of Defiance Daily Target 2X Long SOFI ETF by 36.8% in the 3rd quarter. Susquehanna International Group LLP now owns 91,432 shares of the company’s stock valued at $3,547,000 after purchasing an additional 24,575 shares during the period. Finally, UBS Group AG lifted its stake in Defiance Daily Target 2X Long SOFI ETF by 9.7% in the 4th quarter. UBS Group AG now owns 184,908 shares of the company’s stock valued at $5,253,000 after purchasing an additional 16,312 shares during the last quarter.

Defiance Daily Target 2X Long SOFI ETF Company Profile

The Defiance Daily Target 2X Long SOFI ETF (SOFX) is an exchange-traded fund that mostly invests in financials equity. The fund seeks to deliver 2x leveraged exposure to the daily share price movement of SoFi Technologies, Inc (SOFI), less fees and expenses, through derivatives like swap agreements SOFX was launched on Jan 15, 2025 and is issued by Defiance.