Short Interest in Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX) Grows By 69.5%

Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX) was the target of a large increase in short interest in June. As of June 15th, there was short interest totaling 5,746,484 shares, an increase of 69.5% from the May 31st total of 3,390,229 shares. Approximately 47.1% of the shares of the company are short sold. Based on an average trading volume of 5,160,523 shares, the short-interest ratio is presently 1.1 days.

Defiance Daily Target 1.75X Long MSTR ETF Trading Up 14.5%

Defiance Daily Target 1.75X Long MSTR ETF stock traded up $1.24 during mid-day trading on Thursday, reaching $9.77. The company’s stock had a trading volume of 12,596,120 shares, compared to its average volume of 5,939,852. The firm has a market cap of $175.86 million, a price-to-earnings ratio of -57.47 and a beta of 4.26. The business has a 50 day moving average price of $24.69 and a 200-day moving average price of $29.16. Defiance Daily Target 1.75X Long MSTR ETF has a twelve month low of $6.72 and a twelve month high of $497.55.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. BNP Paribas Financial Markets acquired a new stake in Defiance Daily Target 1.75X Long MSTR ETF during the second quarter worth about $12,726,000. Farther Finance Advisors LLC boosted its stake in Defiance Daily Target 1.75X Long MSTR ETF by 20,359.6% in the fourth quarter. Farther Finance Advisors LLC now owns 112,528 shares of the company’s stock valued at $433,000 after acquiring an additional 111,978 shares during the period. Jump Financial LLC boosted its stake in Defiance Daily Target 1.75X Long MSTR ETF by 431.4% in the fourth quarter. Jump Financial LLC now owns 54,077 shares of the company’s stock valued at $208,000 after acquiring an additional 43,900 shares during the period. Parallel Advisors LLC grew its holdings in shares of Defiance Daily Target 1.75X Long MSTR ETF by 791.3% during the fourth quarter. Parallel Advisors LLC now owns 13,369 shares of the company’s stock valued at $51,000 after purchasing an additional 11,869 shares during the last quarter. Finally, Bogart Wealth LLC acquired a new stake in shares of Defiance Daily Target 1.75X Long MSTR ETF during the 4th quarter worth approximately $31,000. 4.09% of the stock is owned by institutional investors and hedge funds.

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.