T-Rex 2X Long Bitcoin Daily Target ETF (BATS:BTCL) Short Interest Down 83.9% in May

T-Rex 2X Long Bitcoin Daily Target ETF (BATS:BTCL) saw a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 42,996 shares, a decrease of 83.9% from the April 30th total of 267,757 shares. Approximately 4.1% of the shares of the company are sold short. Based on an average daily volume of 64,604 shares, the days-to-cover ratio is presently 0.7 days.

T-Rex 2X Long Bitcoin Daily Target ETF Stock Down 2.6%

Shares of BTCL stock opened at $17.94 on Thursday. The firm’s 50-day moving average is $18.25 and its 200-day moving average is $23.86. T-Rex 2X Long Bitcoin Daily Target ETF has a 52-week low of $13.68 and a 52-week high of $68.29.

About T-Rex 2X Long Bitcoin Daily Target ETF

The T-Rex 2X Long Bitcoin Daily Target ETF (BTCL) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund aims to provide 2x leveraged exposure to the daily price movement of spot Bitcoin, less fees, and expenses. The fund uses over-the-counter swaps to pursue its objective. BTCL was launched on Jul 10, 2024 and is issued by Tuttle Capital Management.