Defiance Daily Target 2X Long SOFI ETF (NASDAQ:SOFX) Trading Down 2.6% – Should You Sell?

Defiance Daily Target 2X Long SOFI ETF (NASDAQ:SOFX) shares traded down 2.6% during mid-day trading on Thursday . The stock traded as low as $13.93 and last traded at $14.45. 333,868 shares were traded during trading, a decline of 43% from the average session volume of 586,268 shares. The stock had previously closed at $14.84.

Defiance Daily Target 2X Long SOFI ETF Price Performance

The stock’s fifty day moving average price is $25.73 and its 200-day moving average price is $34.48. The firm has a market cap of $46.38 million, a PE ratio of 23.00 and a beta of 9.88.

Institutional Trading of Defiance Daily Target 2X Long SOFI ETF

Hedge funds have recently bought and sold shares of the business. UBS Group AG lifted its stake in Defiance Daily Target 2X Long SOFI ETF by 17,912.4% in the 3rd quarter. UBS Group AG now owns 168,596 shares of the company’s stock worth $6,540,000 after purchasing an additional 167,660 shares in the last quarter. Susquehanna International Group LLP increased its holdings in shares of Defiance Daily Target 2X Long SOFI ETF by 36.8% in the third quarter. Susquehanna International Group LLP now owns 91,432 shares of the company’s stock valued at $3,547,000 after purchasing an additional 24,575 shares during the last quarter. Finally, Jump Financial LLC purchased a new position in Defiance Daily Target 2X Long SOFI ETF during the fourth quarter worth approximately $233,000.

Defiance Daily Target 2X Long SOFI ETF Company Profile

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.