Defiance Daily Target 2X Long SOFI ETF (NASDAQ:SOFX) Shares Up 7% – What’s Next?

Defiance Daily Target 2X Long SOFI ETF (NASDAQ:SOFX)’s stock price was up 7% during mid-day trading on Tuesday . The stock traded as high as $9.71 and last traded at $9.69. Approximately 730,554 shares were traded during trading, a decline of 33% from the average session volume of 1,083,622 shares. The stock had previously closed at $9.06.

Defiance Daily Target 2X Long SOFI ETF Price Performance

The firm has a fifty day moving average price of $9.63 and a two-hundred day moving average price of $13.64. The stock has a market capitalization of $73.96 million, a PE ratio of 23.00 and a beta of 4.28.

Hedge Funds Weigh In On Defiance Daily Target 2X Long SOFI ETF

Several hedge funds have recently bought and sold shares of SOFX. Jump Financial LLC bought a new stake in shares of Defiance Daily Target 2X Long SOFI ETF during the fourth quarter worth $233,000. Optiver Holding B.V. grew its holdings in shares of Defiance Daily Target 2X Long SOFI ETF by 570.2% in the first quarter. Optiver Holding B.V. now owns 53,788 shares of the company’s stock worth $502,000 after purchasing an additional 45,762 shares during the last quarter. Susquehanna International Group LLP grew its holdings in shares of Defiance Daily Target 2X Long SOFI ETF by 36.8% in the third quarter. Susquehanna International Group LLP now owns 91,432 shares of the company’s stock worth $3,547,000 after purchasing an additional 24,575 shares during the last quarter. Finally, UBS Group AG increased its stake in Defiance Daily Target 2X Long SOFI ETF by 9.7% in the 4th quarter. UBS Group AG now owns 184,908 shares of the company’s stock worth $5,253,000 after buying an additional 16,312 shares during the period.

Defiance Daily Target 2X Long SOFI ETF Company Profile

The Defiance Daily Target 2X Long SOFI ETF (SOFX) is an exchange-traded fund that mostly invests in financials equity. The fund seeks to deliver 2x leveraged exposure to the daily share price movement of SoFi Technologies, Inc (SOFI), less fees and expenses, through derivatives like swap agreements SOFX was launched on Jan 15, 2025 and is issued by Defiance.