T-Rex 2X Long MSTR Daily Target ETF (BATS:MSTU) Trading Down 7.4% – Here’s What Happened

T-Rex 2X Long MSTR Daily Target ETF (BATS:MSTU)’s stock price dropped 7.4% during trading on Monday . The stock traded as low as $3.98 and last traded at $4.03. Approximately 29,015,563 shares were traded during mid-day trading, a decline of 10% from the average daily volume of 32,158,795 shares. The stock had previously closed at $4.35.

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

The stock has a 50-day moving average of $5.80 and a 200 day moving average of $18.49.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. BNP Paribas Financial Markets acquired a new stake in T-Rex 2X Long MSTR Daily Target ETF during the second quarter worth about $12,888,000. Centric Wealth Management acquired a new position in T-Rex 2X Long MSTR Daily Target ETF in the 3rd quarter valued at about $5,819,000. Acorn Financial Advisory Services Inc. ADV grew its stake in shares of T-Rex 2X Long MSTR Daily Target ETF by 53.6% in the 3rd quarter. Acorn Financial Advisory Services Inc. ADV now owns 1,053,044 shares of the company’s stock valued at $4,897,000 after buying an additional 367,384 shares during the period. SBI Securities Co. Ltd. grew its stake in shares of T-Rex 2X Long MSTR Daily Target ETF by 21.5% in the 3rd quarter. SBI Securities Co. Ltd. now owns 365,213 shares of the company’s stock valued at $1,698,000 after buying an additional 64,572 shares during the period. Finally, Group One Trading LLC increased its holdings in shares of T-Rex 2X Long MSTR Daily Target ETF by 219.1% during the 3rd quarter. Group One Trading LLC now owns 345,993 shares of the company’s stock worth $1,609,000 after buying an additional 237,568 shares during the last quarter.

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.