T-Rex 2X Long Microsoft Daily Target ETF (BATS:MSFX) Sees Large Decrease in Short Interest

T-Rex 2X Long Microsoft Daily Target ETF (BATS:MSFX) was the recipient of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 233,819 shares, a decline of 53.4% from the July 30th total of 501,229 shares. Based on an average daily volume of 207,591 shares, the short-interest ratio is presently 1.1 days. Currently, 86.6% of the company’s shares are short sold.

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

A hedge fund recently raised its position in T-Rex 2X Long Microsoft Daily Target ETF stock. Flow Traders U.S. LLC increased its stake in T-Rex 2X Long Microsoft Daily Target ETF (BATS:MSFX) by 117.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,082 shares of the company’s stock after buying an additional 9,757 shares during the period. Flow Traders U.S. LLC owned 6.70% of T-Rex 2X Long Microsoft Daily Target ETF worth $632,000 as of its most recent SEC filing.

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

T-Rex 2X Long Microsoft Daily Target ETF stock opened at $26.60 on Friday. T-Rex 2X Long Microsoft Daily Target ETF has a 1-year low of $12.90 and a 1-year high of $39.37. The company’s 50-day moving average is $19.36 and its 200 day moving average is $18.40.

T-Rex 2X Long Microsoft Daily Target ETF Company Profile

The T-Rex 2X Long Microsoft Daily Target ETF (MSFX) 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 Microsoft Corp. stock, less fees, and expenses. MSFX was launched on Jan 11, 2024 and is issued by Tuttle Capital Management.