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

T-Rex 2X Long MSTR Daily Target ETF (BATS:MSTU) was the recipient of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 4,159,112 shares, a decrease of 87.2% from the August 15th total of 32,613,110 shares. Approximately 2.1% of the shares of the stock are sold short. Based on an average daily volume of 12,805,347 shares, the days-to-cover ratio is currently 0.3 days.

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

Shares of BATS MSTU opened at $30.41 on Friday. The stock’s 50-day moving average is $23.10 and its 200 day moving average is $41.82. T-Rex 2X Long MSTR Daily Target ETF has a 1-year low of $14.60 and a 1-year high of $591.00.

T-Rex 2X Long MSTR Daily Target ETF Announces Dividend

The firm also recently declared a special dividend, which was paid on Wednesday, August 26th. Shareholders of record on Tuesday, August 25th were paid a dividend of $0.2881 per share. The ex-dividend date of this dividend was Tuesday, August 25th.

Institutional Investors Weigh In On T-Rex 2X Long MSTR Daily Target ETF

A number of institutional investors have recently made changes to their positions in the business. BNP Paribas Financial Markets bought a new stake in shares of T-Rex 2X Long MSTR Daily Target ETF in the 2nd quarter valued at about $12,888,000. Renaissance Technologies LLC bought a new position in T-Rex 2X Long MSTR Daily Target ETF during the 1st quarter worth approximately $1,605,000. Optiver Holding B.V. increased its stake in T-Rex 2X Long MSTR Daily Target ETF by 1,871.1% in the 1st quarter. Optiver Holding B.V. now owns 357,742 shares of the company’s stock worth $1,520,000 after purchasing an additional 339,593 shares during the period. Group One Trading LLC purchased a new position in T-Rex 2X Long MSTR Daily Target ETF in the 2nd quarter worth approximately $938,000. Finally, HRT Financial LP lifted its position in T-Rex 2X Long MSTR Daily Target ETF by 84.8% in the fourth quarter. HRT Financial LP now owns 144,427 shares of the company’s stock valued at $1,200,000 after purchasing an additional 66,258 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.