MicroStrategy leveraged ETF (MSTU) is trading 7.7% up today as MicroStrategy (MSTR) and Bitcoin recover from a sharp pullback earlier this week.
- The fund seeks twice the daily performance of MSTR, resulting in outsized moves as crypto prices and high-beta names attract dip-buyers.
- Broader U.S. equity markets are trading modestly higher as risk sentiment improves following de-escalation headlines regarding Iran.