Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX) Trading Down 16.3% – Here’s Why

Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX) dropped 16.3% on Thursday . The company traded as low as $25.05 and last traded at $25.29. Approximately 4,504,873 shares were traded during trading, a decline of 44% from the average daily volume of 8,109,017 shares. The stock had previously closed at $30.21.

Defiance Daily Target 1.75X Long MSTR ETF Price Performance

The stock has a market capitalization of $967.89 million and a price-to-earnings ratio of -142.76. The firm’s fifty day moving average is $34.53 and its 200-day moving average is $52.40.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Defiance Daily Target 1.75X Long MSTR ETF stock. MassMutual Private Wealth & Trust FSB purchased a new stake in Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,530 shares of the company’s stock, valued at approximately $39,000. 4.09% of the stock is currently owned by institutional investors.

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.