Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX) Trading Up 7.6% – Should You Buy?

Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX)’s stock price was up 7.6% during trading on Tuesday . The company traded as high as $25.18 and last traded at $23.16. Approximately 4,187,006 shares changed hands during mid-day trading, a decline of 38% from the average daily volume of 6,705,219 shares. The stock had previously closed at $21.52.

Defiance Daily Target 1.75X Long MSTR ETF Price Performance

The company has a fifty day moving average of $22.97 and a two-hundred day moving average of $68.97. The stock has a market capitalization of $243.87 million, a P/E ratio of -136.24 and a beta of 2.87.

Institutional Investors Weigh In On Defiance Daily Target 1.75X Long MSTR ETF

A number of institutional investors have recently made changes to their positions in MSTX. Parallel Advisors LLC raised its position in shares of Defiance Daily Target 1.75X Long MSTR ETF by 650.0% during the 3rd quarter. Parallel Advisors LLC now owns 1,500 shares of the company’s stock valued at $32,000 after acquiring an additional 1,300 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in Defiance Daily Target 1.75X Long MSTR ETF in the second quarter worth $12,726,000. Jump Financial LLC increased its stake 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 valued at $208,000 after purchasing an additional 43,900 shares during the last quarter. Bogart Wealth LLC bought a new stake in Defiance Daily Target 1.75X Long MSTR ETF during the fourth quarter valued at $31,000. Finally, Farther Finance Advisors LLC raised its holdings in shares of Defiance Daily Target 1.75X Long MSTR ETF by 20,359.6% during the fourth quarter. Farther Finance Advisors LLC now owns 112,528 shares of the company’s stock worth $433,000 after purchasing an additional 111,978 shares during the period. 4.09% of the stock is currently owned by institutional investors.

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.