Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX) Shares Gap Down – Here’s What Happened

Shares of Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX) gapped down before the market opened on Thursday . The stock had previously closed at $24.92, but opened at $22.72. Defiance Daily Target 1.75X Long MSTR ETF shares last traded at $21.94, with a volume of 3,892,155 shares.

Defiance Daily Target 1.75X Long MSTR ETF Stock Performance

The company has a market cap of $816.11 million and a PE ratio of -119.78. The stock’s 50 day moving average price is $31.08 and its 200-day moving average price is $52.23.

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 position in Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,530 shares of the company’s stock, valued at approximately $39,000. Institutional investors own 4.09% of the company’s stock.

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.