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

Shares of Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX) gapped up prior to trading on Monday . The stock had previously closed at $27.75, but opened at $29.10. Defiance Daily Target 1.75X Long MSTR ETF shares last traded at $28.53, with a volume of 2,008,258 shares trading hands.

Defiance Daily Target 1.75X Long MSTR ETF Stock Up 2.5 %

The business has a 50-day simple moving average of $28.71 and a two-hundred day simple moving average of $52.33. The stock has a market capitalization of $1.24 billion and a P/E ratio of -167.35.

Institutional Investors Weigh In On Defiance Daily Target 1.75X Long MSTR ETF

A hedge fund recently bought a new stake 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) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,530 shares of the company’s stock, valued at approximately $39,000. Institutional investors and hedge funds own 4.09% of the company’s stock.

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.