Short Interest in Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX) Expands By 45.8%

Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX) was the target of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 10,090,000 shares, a growth of 45.8% from the September 30th total of 6,920,000 shares. Based on an average trading volume of 7,516,100 shares, the days-to-cover ratio is presently 1.3 days. Currently, 25.1% of the company’s stock are sold short. Currently, 25.1% of the company’s stock are sold short. Based on an average trading volume of 7,516,100 shares, the days-to-cover ratio is presently 1.3 days.

Defiance Daily Target 1.75X Long MSTR ETF Stock Performance

Shares of MSTX stock traded down $1.40 during trading hours on Tuesday, reaching $11.92. The company had a trading volume of 5,225,636 shares, compared to its average volume of 9,022,167. The stock has a fifty day moving average of $20.98 and a 200-day moving average of $31.67. The company has a market capitalization of $494.76 million, a price-to-earnings ratio of -69.91 and a beta of 2.11. Defiance Daily Target 1.75X Long MSTR ETF has a 12-month low of $11.85 and a 12-month high of $220.99.

Institutional Investors Weigh In On Defiance Daily Target 1.75X Long MSTR ETF

Institutional investors have recently added to or reduced their stakes in the business. Vestor Capital LLC grew its stake in Defiance Daily Target 1.75X Long MSTR ETF by 39.9% in the 1st quarter. Vestor Capital LLC now owns 3,544 shares of the company’s stock worth $91,000 after acquiring an additional 1,011 shares during the period. Sterling Investment Advisors Ltd. bought a new position in Defiance Daily Target 1.75X Long MSTR ETF in the 2nd quarter worth about $315,000. OLD Mission Capital LLC bought a new position in Defiance Daily Target 1.75X Long MSTR ETF in the 1st quarter worth about $449,000. Finally, BNP Paribas Financial Markets bought a new position in Defiance Daily Target 1.75X Long MSTR ETF in the 2nd quarter worth about $12,726,000. Hedge funds and other institutional investors 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.