T-Rex 2X Long Tesla Daily Target ETF (BATS:TSLT) Short Interest Down 79.5% in May

T-Rex 2X Long Tesla Daily Target ETF (BATS:TSLT) was the target of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 287,277 shares, a drop of 79.5% from the May 14th total of 1,401,470 shares. Based on an average daily volume of 2,818,838 shares, the short-interest ratio is currently 0.1 days. Currently, 1.2% of the shares of the company are sold short.

T-Rex 2X Long Tesla Daily Target ETF Stock Performance

T-Rex 2X Long Tesla Daily Target ETF stock opened at $18.21 on Friday. T-Rex 2X Long Tesla Daily Target ETF has a 52 week low of $13.09 and a 52 week high of $33.03. The stock has a market capitalization of $418.83 million and a P/E ratio of 53.57. The stock has a 50-day simple moving average of $18.89 and a 200 day simple moving average of $22.02.

About T-Rex 2X Long Tesla Daily Target ETF

The T-REX 2X Long Tesla Daily Target ETF (TSLT) is an exchange-traded fund that mostly invests in consumer discretionary equity. The fund aims to provide 2x leveraged exposure to the daily price movement of Tesla, Inc stock, less fees, and expenses. TSLT was launched on Oct 18, 2023 and is issued by Tuttle Capital Management.