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

Defiance Daily Target 2X Long SOFI ETF (NASDAQ:SOFX)’s stock price dropped 2.6% during mid-day trading on Thursday . The company traded as low as $13.93 and last traded at $14.45. Approximately 333,868 shares traded 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 Down 2.6%

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

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

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Jump Financial LLC bought a new stake in shares of Defiance Daily Target 2X Long SOFI ETF in the fourth quarter valued at about $233,000. UBS Group AG increased its position in Defiance Daily Target 2X Long SOFI ETF by 9.7% during the fourth quarter. UBS Group AG now owns 184,908 shares of the company’s stock worth $5,253,000 after acquiring an additional 16,312 shares during the period. Finally, Susquehanna International Group LLP raised its stake in 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 in 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.