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

Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX)’s share price gapped down before the market opened on Monday . The stock had previously closed at $28.67, but opened at $24.80. Defiance Daily Target 1.75X Long MSTR ETF shares last traded at $21.64, with a volume of 5,433,367 shares.

Defiance Daily Target 1.75X Long MSTR ETF Stock Down 24.3 %

The firm has a market capitalization of $684.32 million and a PE ratio of -127.86. The business has a 50-day moving average price of $41.91 and a 200-day moving average price of $51.54.

Defiance Daily Target 1.75X Long MSTR ETF Announces Dividend

The company also recently announced a dividend, which was paid on Friday, January 3rd. Shareholders of record on Tuesday, December 31st were issued a $14.4276 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. Defiance Daily Target 1.75X Long MSTR ETF’s payout ratio is -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.