Investors Buy High Volume of Call Options on Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX)

Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX) was the target of some unusual options trading activity on Wednesday. Stock traders acquired 32,269 call options on the company. This is an increase of 24% compared to the average daily volume of 26,103 call options.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Parallel Advisors LLC increased its holdings in Defiance Daily Target 1.75X Long MSTR ETF by 650.0% during the 3rd quarter. Parallel Advisors LLC now owns 1,500 shares of the company’s stock worth $32,000 after purchasing an additional 1,300 shares during the last quarter. Sterling Investment Advisors Ltd. bought a new stake in shares of Defiance Daily Target 1.75X Long MSTR ETF in the second quarter worth $315,000. Vestor Capital LLC raised its holdings in Defiance Daily Target 1.75X Long MSTR ETF by 1,765.7% in the second quarter. Vestor Capital LLC now owns 66,121 shares of the company’s stock valued at $2,669,000 after acquiring an additional 62,577 shares in the last quarter. Finally, BNP Paribas Financial Markets bought a new position in Defiance Daily Target 1.75X Long MSTR ETF during the 2nd quarter valued at $12,726,000. Hedge funds and other institutional investors own 4.09% of the company’s stock.

Defiance Daily Target 1.75X Long MSTR ETF Trading Up 0.2%

MSTX stock traded up $0.01 during trading on Friday, reaching $4.71. The stock had a trading volume of 23,551,691 shares, compared to its average volume of 56,349,633. The firm has a fifty day moving average price of $5.55 and a 200 day moving average price of $19.98. The company has a market capitalization of $357.77 million, a P/E ratio of -27.79 and a beta of 2.11. Defiance Daily Target 1.75X Long MSTR ETF has a 1-year low of $3.73 and a 1-year high of $64.40.

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.