Defiance Daily Target 1.75X Long MSTR ETF Sees Unusually High Options Volume (NASDAQ:MSTX)

Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX) was the recipient of unusually large options trading activity on Wednesday. Stock investors bought 32,269 call options on the company. This is an increase of approximately 24% compared to the typical daily volume of 26,103 call options.

Defiance Daily Target 1.75X Long MSTR ETF Price Performance

Shares of MSTX stock traded up $0.35 during trading hours on Wednesday, reaching $5.20. 65,599,189 shares of the company were exchanged, compared to its average volume of 57,787,918. Defiance Daily Target 1.75X Long MSTR ETF has a fifty-two week low of $3.73 and a fifty-two week high of $64.40. The stock’s fifty day moving average is $5.81 and its two-hundred day moving average is $20.19. The company has a market cap of $388.93 million, a price-to-earnings ratio of -30.47 and a beta of 2.11.

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

Several hedge funds have recently added to or reduced their stakes in MSTX. Parallel Advisors LLC increased its position in Defiance Daily Target 1.75X Long MSTR ETF by 650.0% in the third quarter. Parallel Advisors LLC now owns 1,500 shares of the company’s stock worth $32,000 after purchasing an additional 1,300 shares during the period. Sterling Investment Advisors Ltd. bought a new position in shares of Defiance Daily Target 1.75X Long MSTR ETF in the 2nd quarter valued at about $315,000. Vestor Capital LLC grew its position in shares of Defiance Daily Target 1.75X Long MSTR ETF by 1,765.7% during the 2nd quarter. Vestor Capital LLC now owns 66,121 shares of the company’s stock worth $2,669,000 after buying an additional 62,577 shares during the period. Finally, BNP Paribas Financial Markets acquired a new stake in shares of Defiance Daily Target 1.75X Long MSTR ETF during the 2nd quarter worth approximately $12,726,000. Institutional investors 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.