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

Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX) shares traded up 5.4% 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 stock has a market cap of $1.04 billion and a P/E ratio of -153.12. The stock’s fifty day simple moving average is $33.93 and its 200-day simple moving average is $52.21.

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 purchased a new stake in shares of Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 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.

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.