Defiance Daily Target 2X Long SOFI ETF (NASDAQ:SOFX) Stock Price Up 7% – Should You Buy?

Defiance Daily Target 2X Long SOFI ETF (NASDAQ:SOFX)’s share price was up 7% during mid-day trading on Thursday . The stock traded as high as $9.27 and last traded at $8.98. Approximately 2,114,945 shares traded hands during mid-day trading, an increase of 173% from the average daily volume of 775,030 shares. The stock had previously closed at $8.39.

Defiance Daily Target 2X Long SOFI ETF Trading Up 7.0%

The company’s fifty day moving average price is $11.57 and its two-hundred day moving average price is $25.61. The firm has a market cap of $45.89 million, a P/E ratio of 23.00 and a beta of 7.00.

Institutional Investors Weigh In On Defiance Daily Target 2X Long SOFI ETF

Several large investors have recently made changes to their positions in the company. Jump Financial LLC bought a new stake in shares of Defiance Daily Target 2X Long SOFI ETF in the 4th quarter worth about $233,000. UBS Group AG grew its holdings in shares of 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 worth $5,253,000 after purchasing an additional 16,312 shares during the last quarter. Finally, Susquehanna International Group LLP grew 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 worth $3,547,000 after purchasing an additional 24,575 shares during the last quarter.

About Defiance Daily Target 2X Long SOFI ETF

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.