Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX) Shares Gap Up – Time to Buy?

Shares of Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX) gapped up before the market opened on Tuesday . The stock had previously closed at $19.27, but opened at $20.11. Defiance Daily Target 1.75X Long MSTR ETF shares last traded at $19.17, with a volume of 2,916,972 shares traded.

Defiance Daily Target 1.75X Long MSTR ETF Trading Up 7.1 %

The company has a market cap of $651.41 million and a price-to-earnings ratio of -121.32. The stock’s 50-day moving average is $41.91 and its 200-day moving average is $51.54.

Defiance Daily Target 1.75X Long MSTR ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 3rd. Stockholders of record on Tuesday, December 31st were issued a dividend of $14.4276 per share. The ex-dividend date of this dividend was Tuesday, December 31st. Defiance Daily Target 1.75X Long MSTR ETF’s dividend payout ratio is currently -8,482.35%.

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.