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 some unusual options trading on Monday. Traders acquired 6,778 call options on the company. This represents an increase of 17% compared to the average volume of 5,808 call options.

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

A number of large investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets acquired a new stake in shares of Defiance Daily Target 1.75X Long MSTR ETF in the second quarter valued at about $12,726,000. Farther Finance Advisors LLC increased its holdings in 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 valued at $433,000 after buying an additional 111,978 shares in the last quarter. Jump Financial LLC lifted its position in shares of Defiance Daily Target 1.75X Long MSTR ETF by 431.4% during the 4th quarter. Jump Financial LLC now owns 54,077 shares of the company’s stock valued at $208,000 after acquiring an additional 43,900 shares during the period. Parallel Advisors LLC lifted its position in shares of Defiance Daily Target 1.75X Long MSTR ETF by 791.3% during the 4th quarter. Parallel Advisors LLC now owns 13,369 shares of the company’s stock valued at $51,000 after acquiring an additional 11,869 shares during the period. Finally, Bogart Wealth LLC purchased a new stake in shares of Defiance Daily Target 1.75X Long MSTR ETF during the 4th quarter worth approximately $31,000. Hedge funds and other institutional investors own 4.09% of the company’s stock.

Defiance Daily Target 1.75X Long MSTR ETF Stock Up 12.1%

MSTX stock traded up $1.51 on Monday, reaching $13.96. 7,919,818 shares of the company’s stock were exchanged, compared to its average volume of 6,371,283. The stock has a fifty day moving average of $9.49 and a 200-day moving average of $20.16. Defiance Daily Target 1.75X Long MSTR ETF has a twelve month low of $6.72 and a twelve month high of $271.50. The firm has a market cap of $247.09 million, a PE ratio of -82.12 and a beta of 4.17.

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.