Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX) Sees Large Decline in Short Interest

Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX) was the recipient of a significant decrease in short interest in April. As of April 30th, there was short interest totaling 1,941,082 shares, a decrease of 36.8% from the April 15th total of 3,070,856 shares. Currently, 15.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 4,086,121 shares, the short-interest ratio is currently 0.5 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Jump Financial LLC lifted its holdings in shares of Defiance Daily Target 1.75X Long MSTR ETF by 431.4% in the fourth quarter. Jump Financial LLC now owns 54,077 shares of the company’s stock worth $208,000 after acquiring an additional 43,900 shares during the last quarter. Parallel Advisors LLC lifted its holdings in shares of Defiance Daily Target 1.75X Long MSTR ETF by 791.3% in the fourth quarter. Parallel Advisors LLC now owns 13,369 shares of the company’s stock worth $51,000 after acquiring an additional 11,869 shares during the last quarter. Bogart Wealth LLC bought a new position in Defiance Daily Target 1.75X Long MSTR ETF in the 4th quarter valued at approximately $31,000. Farther Finance Advisors LLC raised its holdings in Defiance Daily Target 1.75X Long MSTR ETF by 20,359.6% in the 4th 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 during the last quarter. Finally, BNP Paribas Financial Markets bought a new position in Defiance Daily Target 1.75X Long MSTR ETF in the 2nd quarter valued at approximately $12,726,000. Institutional investors own 4.09% of the company’s stock.

Defiance Daily Target 1.75X Long MSTR ETF Trading Down 12.0%

Defiance Daily Target 1.75X Long MSTR ETF stock traded down $4.28 during trading hours on Monday, reaching $31.39. 2,736,961 shares of the stock were exchanged, compared to its average volume of 5,913,113. The company has a market cap of $382.96 million, a P/E ratio of -184.65 and a beta of 4.10. Defiance Daily Target 1.75X Long MSTR ETF has a twelve month low of $15.70 and a twelve month high of $497.55. The stock has a 50 day moving average of $28.10 and a two-hundred day moving average of $43.84.

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.