T-Rex 2X Inverse MSTR Daily Target ETF (BATS:MSTZ) Sees Significant Decline in Short Interest

T-Rex 2X Inverse MSTR Daily Target ETF (BATS:MSTZ) was the target of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 1,350,632 shares, a drop of 72.7% from the May 14th total of 4,945,996 shares. Approximately 4.5% of the company’s shares are sold short. Based on an average trading volume of 21,885,321 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On T-Rex 2X Inverse MSTR Daily Target ETF

An institutional investor recently bought a new position in T-Rex 2X Inverse MSTR Daily Target ETF stock. Flow Traders U.S. LLC acquired a new stake in shares of T-Rex 2X Inverse MSTR Daily Target ETF (BATS:MSTZ) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 86,254 shares of the company’s stock, valued at approximately $454,000. Flow Traders U.S. LLC owned 0.29% of T-Rex 2X Inverse MSTR Daily Target ETF as of its most recent SEC filing.

T-Rex 2X Inverse MSTR Daily Target ETF Stock Up 3.1%

Shares of BATS:MSTZ opened at $10.50 on Thursday. The firm’s 50 day simple moving average is $7.70 and its 200-day simple moving average is $11.57. T-Rex 2X Inverse MSTR Daily Target ETF has a one year low of $3.09 and a one year high of $28.71.

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

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