T-Rex 2X Long MSTR Daily Target ETF (BATS:MSTU) Shares Up 7.9% – What’s Next?

T-Rex 2X Long MSTR Daily Target ETF (BATS:MSTU)’s stock price shot up 7.9% during mid-day trading on Friday . The stock traded as high as $8.86 and last traded at $8.86. 27,802,927 shares were traded during trading, a decline of 18% from the average session volume of 33,878,465 shares. The stock had previously closed at $8.21.

T-Rex 2X Long MSTR Daily Target ETF Trading Up 7.9%

The firm has a 50-day simple moving average of $5.70 and a 200-day simple moving average of $10.89.

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

Several institutional investors have recently made changes to their positions in MSTU. Flow Traders U.S. LLC purchased a new stake in shares of T-Rex 2X Long MSTR Daily Target ETF during the second quarter worth $221,000. Jump Financial LLC bought a new position in shares of T-Rex 2X Long MSTR Daily Target ETF in the second quarter worth $308,000. BNP Paribas Financial Markets bought a new position in shares of T-Rex 2X Long MSTR Daily Target ETF in the second quarter worth $12,888,000. Group One Trading LLC bought a new position in shares of T-Rex 2X Long MSTR Daily Target ETF in the second quarter worth $938,000. Finally, Global Retirement Partners LLC increased its holdings in shares of T-Rex 2X Long MSTR Daily Target ETF by 52.9% in the third quarter. Global Retirement Partners LLC now owns 30,060 shares of the company’s stock worth $140,000 after purchasing an additional 10,400 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.