Tradr 2X Long ASTS Daily ETF (BATS:ASTX) Short Interest Down 49.1% in April

Tradr 2X Long ASTS Daily ETF (BATS:ASTX) saw a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 992,759 shares, a decline of 49.1% from the April 15th total of 1,952,273 shares. Based on an average trading volume of 4,316,499 shares, the days-to-cover ratio is presently 0.2 days.

Tradr 2X Long ASTS Daily ETF Price Performance

ASTX opened at $31.43 on Friday. The firm’s fifty day simple moving average is $38.48. Tradr 2X Long ASTS Daily ETF has a 52-week low of $15.03 and a 52-week high of $114.18.

Tradr 2X Long ASTS Daily ETF (CBOE: ASTX) is an exchange-traded fund that provides leveraged exposure tied to the performance of the security identified by the ticker ASTS. Listed on the Cboe BZX Exchange under the ASTX symbol and marketed under the Tradr name, the fund is designed to deliver approximately twice (2x) the daily performance of its referenced underlying security before fees and expenses. As with other single‑security leveraged ETFs, its objective is daily amplification of returns rather than long‑term replication of an index.

The fund achieves its objective through the use of investment techniques commonly employed by leveraged products, which may include derivatives such as swaps, futures contracts and other instruments to obtain the targeted multiple of daily returns.