Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX) Shares Up 5.4% – What’s Next?

Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX) shot up 5.4% during mid-day trading on Friday . The company traded as high as $26.23 and last traded at $25.57. 13,527,777 shares traded hands during trading, an increase of 19% from the average session volume of 11,345,679 shares. The stock had previously closed at $24.27.

Defiance Daily Target 1.75X Long MSTR ETF Price Performance

The stock has a market capitalization of $1.04 billion and a P/E ratio of -153.12. The business’s 50 day moving average price is $33.47 and its 200 day moving average price is $52.48.

Institutional Trading of Defiance Daily Target 1.75X Long MSTR ETF

A hedge fund recently bought a new stake in Defiance Daily Target 1.75X Long MSTR ETF stock. MassMutual Private Wealth & Trust FSB purchased a new stake in shares of Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,530 shares of the company’s stock, valued at approximately $39,000. Institutional investors and hedge funds own 4.09% of the company’s stock.

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.