T-Rex 2X Long MSTR Daily Target ETF (BATS:MSTU) Sets New 52-Week Low – Time to Sell?

Shares of T-Rex 2X Long MSTR Daily Target ETF (BATS:MSTU) reached a new 52-week low on Thursday . The stock traded as low as $2.93 and last traded at $2.98, with a volume of 13107527 shares. The stock had previously closed at $3.09.

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

The firm has a 50 day moving average price of $6.01 and a two-hundred day moving average price of $7.06.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in MSTU. BNP Paribas Financial Markets bought a new position in T-Rex 2X Long MSTR Daily Target ETF in the 2nd quarter worth about $12,888,000. Renaissance Technologies LLC bought a new position in T-Rex 2X Long MSTR Daily Target ETF in the 1st quarter worth about $1,605,000. Optiver Holding B.V. boosted its stake in T-Rex 2X Long MSTR Daily Target ETF by 1,871.1% in the 1st quarter. Optiver Holding B.V. now owns 357,742 shares of the company’s stock worth $1,520,000 after purchasing an additional 339,593 shares during the period. Group One Trading LLC boosted its stake in T-Rex 2X Long MSTR Daily Target ETF by 219.1% in the 3rd quarter. Group One Trading LLC now owns 345,993 shares of the company’s stock worth $1,609,000 after purchasing an additional 237,568 shares during the period. Finally, HRT Financial LP boosted its stake in T-Rex 2X Long MSTR Daily Target ETF by 84.8% in the 4th quarter. HRT Financial LP now owns 144,427 shares of the company’s stock worth $1,200,000 after purchasing an additional 66,258 shares during the period.

T-Rex 2X Long MSTR Daily Target ETF Company Profile

The T-Rex 2X Long MSTR Daily Target ETF (MSTU) is an exchange-traded fund that mostly invests in information technology equity. The fund aims to provide 2x leveraged exposure to the daily price movement of MicroStrategy Inc stock (NYSE: MSTR), less fees and expenses. MSTU was launched on Sep 18, 2024 and is issued by Tuttle Capital Management.