Throughout the 2024 election cycle, DJT often acted as a Donald Trump sentiment indicator, hitting short-term highs following the assassination attempt against Trump near Butler, Pennsylvania, on July 13, 2024. The stock responded negatively after the Sept. 12, 2024, presidential debate between Trump and former Vice President Kamala Harris.

Special purpose acquisitions company DWAC took Trump Media and Technology Group, or TMTG, public in a reverse merger. After a prolonged battle, DWAC stockholders voted in favor of the special purpose acquisition company's merger with TMTG.

Trump in December 2024 shifted ownership of all 114.75 million of his shares to the Donald J. Trump Revocable Trust, according to regulatory filings.

Following that move, Trump does not directly own any DJT shares. The president's eldest son, Donald Trump Jr., is the trustee of the trust and has sole voting and investment power over all securities it owns.

https://www.investors.com/news/trump-truth-social-etfs-hit-the-stock-market-with-made-in-america-focus/