T-Rex 2X Long MSTR Daily Target ETF (BATS:MSTU) Shares Down 5.1% – Here’s What Happened

T-Rex 2X Long MSTR Daily Target ETF (BATS:MSTU) traded down 5.1% during trading on Thursday . The stock traded as low as $12.48 and last traded at $12.80. 10,194,806 shares traded hands during mid-day trading, The stock had previously closed at $13.49.

T-Rex 2X Long MSTR Daily Target ETF Stock Down 7.9%

The company has a 50-day simple moving average of $26.75 and a 200 day simple moving average of $55.52.

Hedge Funds Weigh In On T-Rex 2X Long MSTR Daily Target ETF

Several large investors have recently bought and sold shares of the stock. Focus Partners Wealth acquired a new stake in T-Rex 2X Long MSTR Daily Target ETF in the 3rd quarter worth $70,000. NorthRock Partners LLC bought a new stake in shares of T-Rex 2X Long MSTR Daily Target ETF in the third quarter valued at about $46,000. United Capital Management of KS Inc. lifted its stake in shares of T-Rex 2X Long MSTR Daily Target ETF by 91.6% in the third quarter. United Capital Management of KS Inc. now owns 28,771 shares of the company’s stock valued at $134,000 after buying an additional 13,754 shares during the period. Group One Trading LLC grew its position in T-Rex 2X Long MSTR Daily Target ETF by 219.1% during the third quarter. Group One Trading LLC now owns 345,993 shares of the company’s stock worth $1,609,000 after buying an additional 237,568 shares in the last quarter. Finally, SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co increased its stake in T-Rex 2X Long MSTR Daily Target ETF by 38.0% during the third quarter. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co now owns 157,204 shares of the company’s stock valued at $731,000 after acquiring an additional 43,301 shares during the period.

About T-Rex 2X Long MSTR Daily Target ETF

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.