Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX) Short Interest Down 36.8% in April

Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX) was the target of a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 1,941,082 shares, a drop of 36.8% from the April 15th total of 3,070,856 shares. Based on an average trading volume of 4,086,121 shares, the short-interest ratio is presently 0.5 days. Approximately 15.9% of the shares of the company are short sold.

Defiance Daily Target 1.75X Long MSTR ETF Stock Down 2.8%

MSTX stock opened at $30.52 on Wednesday. Defiance Daily Target 1.75X Long MSTR ETF has a fifty-two week low of $15.70 and a fifty-two week high of $497.55. The firm’s 50-day simple moving average is $28.19 and its 200 day simple moving average is $42.95. The stock has a market cap of $372.34 million, a PE ratio of -179.53 and a beta of 4.10.

Institutional Trading of Defiance Daily Target 1.75X Long MSTR ETF

Large investors have recently modified their holdings of the company. Farther Finance Advisors LLC increased its holdings in shares of Defiance Daily Target 1.75X Long MSTR ETF by 20,359.6% in the 4th quarter. Farther Finance Advisors LLC now owns 112,528 shares of the company’s stock worth $433,000 after acquiring an additional 111,978 shares during the period. BNP Paribas Financial Markets acquired a new stake in shares of Defiance Daily Target 1.75X Long MSTR ETF in the 2nd quarter worth about $12,726,000. Jump Financial LLC increased its holdings in shares of Defiance Daily Target 1.75X Long MSTR ETF by 431.4% in the 4th quarter. Jump Financial LLC now owns 54,077 shares of the company’s stock worth $208,000 after acquiring an additional 43,900 shares during the period. Parallel Advisors LLC increased its holdings in shares of Defiance Daily Target 1.75X Long MSTR ETF by 791.3% in the 4th quarter. Parallel Advisors LLC now owns 13,369 shares of the company’s stock worth $51,000 after acquiring an additional 11,869 shares during the period. Finally, Bogart Wealth LLC acquired a new stake in shares of Defiance Daily Target 1.75X Long MSTR ETF in the 4th quarter worth about $31,000. 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.