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) saw a large decline in short interest in April. As of April 30th, there was short interest totaling 1,941,082 shares, a decline of 36.8% from the April 15th total of 3,070,856 shares. Based on an average daily volume of 4,086,121 shares, the short-interest ratio is presently 0.5 days. Approximately 15.9% of the shares of the stock are short sold.

Institutional Trading of Defiance Daily Target 1.75X Long MSTR ETF

A number of large investors have recently added to or reduced their stakes in MSTX. Farther Finance Advisors LLC raised its stake in Defiance Daily Target 1.75X Long MSTR ETF by 20,359.6% during the fourth quarter. Farther Finance Advisors LLC now owns 112,528 shares of the company’s stock valued at $433,000 after purchasing an additional 111,978 shares in the last quarter. Bogart Wealth LLC purchased a new position in shares of Defiance Daily Target 1.75X Long MSTR ETF in the 4th quarter worth $31,000. Parallel Advisors LLC grew its stake in shares of Defiance Daily Target 1.75X Long MSTR ETF by 650.0% in the 3rd quarter. Parallel Advisors LLC now owns 1,500 shares of the company’s stock worth $32,000 after buying an additional 1,300 shares in the last quarter. BNP Paribas Financial Markets purchased a new position in shares of Defiance Daily Target 1.75X Long MSTR ETF in the 2nd quarter worth $12,726,000. Finally, Jump Financial LLC grew its stake 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 buying an additional 43,900 shares in the last quarter. Institutional investors own 4.09% of the company’s stock.

Defiance Daily Target 1.75X Long MSTR ETF Stock Down 2.3%

NASDAQ MSTX traded down $0.71 during trading hours on Tuesday, reaching $30.68. The company’s stock had a trading volume of 1,162,296 shares, compared to its average volume of 5,862,540. The firm’s 50-day moving average price is $28.10 and its 200-day moving average price is $43.84. Defiance Daily Target 1.75X Long MSTR ETF has a 1 year low of $15.70 and a 1 year high of $497.55. The company has a market capitalization of $374.30 million, a price-to-earnings ratio of -180.47 and a beta of 4.10.

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.