Defiance Daily Target 1.75X Long MSTR ETF Target of Unusually Large Options Trading (NASDAQ:MSTX)

by · The Markets Daily

Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX – Get Free Report) was the recipient of unusually large options trading activity on Thursday. Investors acquired 47,324 call options on the company. This represents an increase of 78% compared to the typical volume of 26,530 call options.

Institutional Investors Weigh In On Defiance Daily Target 1.75X Long MSTR ETF

Several institutional investors have recently bought and sold shares of MSTX. Parallel Advisors LLC boosted its position in shares of Defiance Daily Target 1.75X Long MSTR ETF by 650.0% during the third quarter. Parallel Advisors LLC now owns 1,500 shares of the company’s stock valued at $32,000 after purchasing an additional 1,300 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in Defiance Daily Target 1.75X Long MSTR ETF by 20,359.6% in the 4th quarter. Farther Finance Advisors LLC now owns 112,528 shares of the company’s stock worth $433,000 after buying an additional 111,978 shares in the last quarter. Vestor Capital LLC raised its holdings in shares of Defiance Daily Target 1.75X Long MSTR ETF by 1,765.7% during the second quarter. Vestor Capital LLC now owns 66,121 shares of the company’s stock valued at $2,669,000 after purchasing an additional 62,577 shares during the last quarter. Finally, BNP Paribas Financial Markets purchased a new stake in Defiance Daily Target 1.75X Long MSTR ETF during the 2nd quarter valued at $12,726,000. 4.09% of the stock is currently owned by hedge funds and other institutional investors.

Defiance Daily Target 1.75X Long MSTR ETF Stock Performance

Shares of MSTX stock traded down $0.77 on Thursday, hitting $3.19. 79,625,073 shares of the company’s stock traded hands, compared to its average volume of 55,127,090. The stock has a market capitalization of $308.06 million, a price-to-earnings ratio of -18.76 and a beta of 2.11. The company’s fifty day simple moving average is $4.73 and its 200 day simple moving average is $17.50. Defiance Daily Target 1.75X Long MSTR ETF has a one year low of $3.01 and a one year high of $49.76.

About Defiance Daily Target 1.75X Long MSTR ETF

(Get Free Report)

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.

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