T-Rex 2X Inverse Bitcoin Daily Target ETF (BATS:BTCZ) Short Interest Up 89.1% in June

T-Rex 2X Inverse Bitcoin Daily Target ETF (BATS:BTCZ) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totaling 400,505 shares, a growth of 89.1% from the May 31st total of 211,842 shares. Based on an average daily trading volume, of 29,061,753 shares, the days-to-cover ratio is currently 0.0 days. Currently, 30.8% of the shares of the stock are short sold.

T-Rex 2X Inverse Bitcoin Daily Target ETF Stock Down 4.4%

BATS:BTCZ opened at $6.35 on Thursday. The business’s 50-day moving average price is $4.91 and its 200 day moving average price is $4.87. T-Rex 2X Inverse Bitcoin Daily Target ETF has a 52-week low of $2.30 and a 52-week high of $7.34.

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

A hedge fund recently bought a new position in T-Rex 2X Inverse Bitcoin Daily Target ETF stock. Flow Traders U.S. LLC acquired a new position in T-Rex 2X Inverse Bitcoin Daily Target ETF (BATS:BTCZ) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 38,961 shares of the company’s stock, valued at approximately $110,000. Flow Traders U.S. LLC owned about 3.00% of T-Rex 2X Inverse Bitcoin Daily Target ETF at the end of the most recent reporting period.

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

The T-Rex 2X Inverse Bitcoin Daily Target ETF (BTCZ) is an exchange-traded fund that mostly invests in long usd, short btc currency. The fund aims to provide (-2x) inverse exposure to the daily price movement of spot Bitcoin, less fees, and expenses. The fund uses over-the-counter swaps to pursue its objective. BTCZ was launched on Jul 10, 2024 and is issued by Tuttle Capital Management.