Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX) Stock Price Up 5.4% – Still a Buy?

Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX)’s share price shot up 5.4% during trading on Friday . The stock traded as high as $26.23 and last traded at $25.57. 13,527,777 shares traded hands during trading, an increase of 19% from the average session volume of 11,345,679 shares. The stock had previously closed at $24.27.

Defiance Daily Target 1.75X Long MSTR ETF Price Performance

The firm has a fifty day moving average of $33.47 and a two-hundred day moving average of $52.48. The stock has a market capitalization of $1.04 billion and a P/E ratio of -153.12.

Hedge Funds Weigh In On Defiance Daily Target 1.75X Long MSTR ETF

An institutional investor recently bought a new position 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) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 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.