Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX) Trading Down 14.7% – What’s Next?

Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX) traded down 14.7% during mid-day trading on Friday . The company traded as low as $29.85 and last traded at $28.41. 1,943,735 shares traded hands during mid-day trading, a decline of 76% from the average session volume of 8,012,225 shares. The stock had previously closed at $33.30.

Defiance Daily Target 1.75X Long MSTR ETF Trading Down 16.7 %

The firm’s 50 day simple moving average is $37.10 and its 200 day simple moving average is $51.94. The firm has a market cap of $875.42 million and a PE ratio of -162.12.

Defiance Daily Target 1.75X Long MSTR ETF Dividend Announcement

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

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.