Short Interest in T-Rex 2X Long NFLX Daily Target ETF (BATS:NFLU) Drops By 64.9%

T-Rex 2X Long NFLX Daily Target ETF (BATS:NFLU) saw a large drop in short interest in August. As of August 14th, there was short interest totaling 48,724 shares, a drop of 64.9% from the July 30th total of 138,853 shares. Currently, 19.5% of the company’s stock are sold short. Based on an average trading volume of 337,388 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On T-Rex 2X Long NFLX Daily Target ETF

An institutional investor recently bought a new position in T-Rex 2X Long NFLX Daily Target ETF stock. Hollencrest Capital Management bought a new stake in shares of T-Rex 2X Long NFLX Daily Target ETF (BATS:NFLU) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 2,500 shares of the company’s stock, valued at approximately $80,000. Hollencrest Capital Management owned about 1.00% of T-Rex 2X Long NFLX Daily Target ETF at the end of the most recent reporting period.

T-Rex 2X Long NFLX Daily Target ETF Stock Down 4.2%

Shares of NFLU stock opened at $19.72 on Friday. T-Rex 2X Long NFLX Daily Target ETF has a one year low of $13.33 and a one year high of $63.88. The company’s 50-day simple moving average is $17.70 and its 200-day simple moving average is $24.23.

About T-Rex 2X Long NFLX Daily Target ETF

The T-Rex 2X Long NFLX Daily Target ETF (NFLU) is an exchange-traded fund that mostly invests in communication services equity. The fund aims to provide 2x leveraged exposure to the daily price movement of Netflix Inc stock, less fees, and expenses. NFLU was launched on Sep 27, 2024 and is issued by Tuttle Capital Management.