Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX) Shares Gap Down – Here’s What Happened

Shares of Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX) gapped down prior to trading on Tuesday . The stock had previously closed at $22.66, but opened at $20.56. Defiance Daily Target 1.75X Long MSTR ETF shares last traded at $20.45, with a volume of 4,353,477 shares.

Defiance Daily Target 1.75X Long MSTR ETF Trading Up 25.7 %

The stock has a market capitalization of $898.86 million and a PE ratio of -172.60. The stock has a 50 day moving average price of $45.18 and a 200-day moving average price of $51.29.

Defiance Daily Target 1.75X Long MSTR ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, January 3rd. Stockholders of record on Tuesday, December 31st were given 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 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.