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 Wednesday . The stock had previously closed at $37.02, but opened at $36.00. Defiance Daily Target 1.75X Long MSTR ETF shares last traded at $34.08, with a volume of 2,369,649 shares trading hands.

Defiance Daily Target 1.75X Long MSTR ETF Stock Down 4.7 %

The company has a 50-day moving average price of $37.85 and a 200-day moving average price of $52.19. The company has a market capitalization of $1.11 billion and a price-to-earnings ratio of -204.95.

Defiance Daily Target 1.75X Long MSTR ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, January 3rd. Shareholders of record on Tuesday, December 31st were issued a $14.4276 dividend. The ex-dividend date was Tuesday, December 31st. Defiance Daily Target 1.75X Long MSTR ETF’s dividend payout ratio (DPR) is currently -8,482.35%.

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.