Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX) Stock Price Down 16.3% – Time to Sell?

Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX)’s share price dropped 16.3% during mid-day trading on Thursday . The stock traded as low as $25.05 and last traded at $25.29. Approximately 4,504,873 shares were traded during trading, a decline of 44% from the average daily volume of 8,109,017 shares. The stock had previously closed at $30.21.

Defiance Daily Target 1.75X Long MSTR ETF Trading Up 7.3 %

The stock’s 50-day moving average price is $33.47 and its 200-day moving average price is $52.25. The stock has a market cap of $1.04 billion and a price-to-earnings ratio of -153.12.

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 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm 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.

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.