T-Rex 2X Inverse Tesla Daily Target ETF (BATS:TSLZ) Sees Large Drop in Short Interest

T-Rex 2X Inverse Tesla Daily Target ETF (BATS:TSLZ) was the target of a significant drop in short interest in July. As of July 31st, there was short interest totaling 347,449 shares, a drop of 46.0% from the July 15th total of 642,964 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average daily volume of 2,486,479 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of T-Rex 2X Inverse Tesla Daily Target ETF

A hedge fund recently bought a new stake in T-Rex 2X Inverse Tesla Daily Target ETF stock. DRW Securities LLC acquired a new position in shares of T-Rex 2X Inverse Tesla Daily Target ETF (BATS:TSLZ) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 22,200 shares of the company’s stock, valued at approximately $263,000.

T-Rex 2X Inverse Tesla Daily Target ETF Trading Up 1.8%

Shares of T-Rex 2X Inverse Tesla Daily Target ETF stock opened at $14.33 on Tuesday. T-Rex 2X Inverse Tesla Daily Target ETF has a 1 year low of $9.73 and a 1 year high of $30.80. The company has a 50 day simple moving average of $13.47 and a two-hundred day simple moving average of $13.65.

About T-Rex 2X Inverse Tesla Daily Target ETF

The T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ) is an exchange-traded fund that mostly invests in consumer discretionary equity. The fund aims to provide (-2x) inverse exposure to the daily price movement of Tesla, Inc stock, less fees, and expenses. TSLZ was launched on Oct 18, 2023 and is issued by Tuttle Capital Management.