Defiance Daily Target 2X Long SOFI ETF (NASDAQ:SOFX) Stock Price Down 6.7% – Here’s What Happened

Defiance Daily Target 2X Long SOFI ETF (NASDAQ:SOFX) traded down 6.7% on Friday. The stock traded as low as $5.63 and last traded at $5.81. Approximately 1,676,037 shares traded hands during mid-day trading, an increase of 43% from the average session volume of 1,169,722 shares. The stock had previously closed at $6.23.

Defiance Daily Target 2X Long SOFI ETF Stock Down 6.7%

The firm has a fifty day moving average of $8.43 and a 200-day moving average of $9.33. The stock has a market capitalization of $46.71 million, a price-to-earnings ratio of 23.00 and a beta of 4.53.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Defiance Daily Target 2X Long SOFI ETF stock. Optiver Holding B.V. increased its holdings in Defiance Daily Target 2X Long SOFI ETF (NASDAQ:SOFX) by 570.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,788 shares of the company’s stock after buying an additional 45,762 shares during the period. Optiver Holding B.V. owned about 1.03% of Defiance Daily Target 2X Long SOFI ETF worth $502,000 as of its most recent SEC filing.

About Defiance Daily Target 2X Long SOFI ETF

The Defiance Daily Target 2X Long SOFI ETF (SOFX) is an exchange-traded fund that mostly invests in financials equity. The fund seeks to deliver 2x leveraged exposure to the daily share price movement of SoFi Technologies, Inc (SOFI), less fees and expenses, through derivatives like swap agreements SOFX was launched on Jan 15, 2025 and is issued by Defiance.