Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX) Stock Price Up 14.7% – Still a Buy?

Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX) traded up 14.7% during trading on Wednesday . The company traded as high as $9.40 and last traded at $8.53. Approximately 12,902,153 shares changed hands during mid-day trading, an increase of 119% from the average session volume of 5,883,875 shares. The stock had previously closed at $7.44.

Defiance Daily Target 1.75X Long MSTR ETF Price Performance

The company has a market cap of $176.94 million, a price-to-earnings ratio of -57.82 and a beta of 4.26. The business’s 50-day simple moving average is $24.25 and its 200-day simple moving average is $28.82.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Bogart Wealth LLC acquired a new position in shares of Defiance Daily Target 1.75X Long MSTR ETF during the 4th quarter worth approximately $31,000. Parallel Advisors LLC increased its position in Defiance Daily Target 1.75X Long MSTR ETF by 650.0% during the third quarter. Parallel Advisors LLC now owns 1,500 shares of the company’s stock worth $32,000 after buying an additional 1,300 shares in the last quarter. Jump Financial LLC increased its position in Defiance Daily Target 1.75X Long MSTR ETF by 431.4% during the fourth quarter. Jump Financial LLC now owns 54,077 shares of the company’s stock worth $208,000 after buying an additional 43,900 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Defiance Daily Target 1.75X Long MSTR ETF by 20,359.6% in the fourth quarter. Farther Finance Advisors LLC now owns 112,528 shares of the company’s stock worth $433,000 after acquiring an additional 111,978 shares during the last quarter. Finally, BNP Paribas Financial Markets acquired a new position in shares of Defiance Daily Target 1.75X Long MSTR ETF in the second quarter worth $12,726,000. 4.09% of the stock is owned by hedge funds and other institutional investors.

Defiance Daily Target 1.75X Long MSTR ETF Company Profile

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.