Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX) Shares Gap Down – Should You Sell?

Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $35.87, but opened at $35.06. Defiance Daily Target 1.75X Long MSTR ETF shares last traded at $33.94, with a volume of 1,489,361 shares.

Defiance Daily Target 1.75X Long MSTR ETF Stock Up 3.4%

The firm has a market capitalization of $1.51 billion and a price-to-earnings ratio of -208.41. The stock’s 50-day moving average price is $33.95 and its 200 day moving average price is $50.86.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of MSTX. OLD Mission Capital LLC purchased a new position in Defiance Daily Target 1.75X Long MSTR ETF during the first quarter worth about $449,000. Vestor Capital LLC increased its holdings in shares of Defiance Daily Target 1.75X Long MSTR ETF by 39.9% during the 1st quarter. Vestor Capital LLC now owns 3,544 shares of the company’s stock worth $91,000 after buying an additional 1,011 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB purchased a new stake in shares of Defiance Daily Target 1.75X Long MSTR ETF during the 1st quarter valued at approximately $39,000. Institutional investors and hedge funds own 4.09% of the company’s stock.

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.