Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX) Shares Gap Up – Time to Buy?

Shares of Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX) gapped up prior to trading on Tuesday . The stock had previously closed at $25.80, but opened at $26.77. Defiance Daily Target 1.75X Long MSTR ETF shares last traded at $25.30, with a volume of 3,288,233 shares.

Defiance Daily Target 1.75X Long MSTR ETF Stock Up 4.2 %

The firm has a market cap of $1.20 billion and a P/E ratio of -177.71. The business has a fifty day simple moving average of $34.53 and a 200-day simple moving average of $52.40.

Institutional Inflows and Outflows

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