Short Interest in T-REX 2X Long SpaceX Daily Target ETF (NYSEARCA:SPAX) Rises By 56.3%

T-REX 2X Long SpaceX Daily Target ETF (NYSEARCA:SPAX) was the recipient of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 181,900 shares, an increase of 56.3% from the July 30th total of 116,374 shares. Based on an average daily volume of 5,692,238 shares, the short-interest ratio is presently 0.0 days. Currently, 5.3% of the shares of the company are sold short.

T-REX 2X Long SpaceX Daily Target ETF Stock Performance

Shares of NYSEARCA SPAX opened at $9.33 on Wednesday. The company has a market capitalization of $31.82 million, a PE ratio of 33.95 and a beta of -14.57. The company’s fifty day moving average price is $9.42 and its 200 day moving average price is $16.36. T-REX 2X Long SpaceX Daily Target ETF has a 1 year low of $5.36 and a 1 year high of $28.05.

About T-REX 2X Long SpaceX Daily Target ETF

The Robinson Alternative Yield Pre-Merger SPAC ETF (SPAX) is an exchange-traded fund that mostly invests in small-cap stocks. The fund is an actively managed fund of small-cap, US-listed SPACs the advisor expects to experience a spike in price in the future. SPAX was launched on Jun 22, 2021 and is managed by Robinson.