T-REX 2X Long SpaceX Daily Target ETF (NYSEARCA:SPAX) Shares Shorted: Short Interest Down 60.3% in September

T-REX 2X Long SpaceX Daily Target ETF (NYSEARCA:SPAX) saw a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 161,336 shares, a decrease of 60.3% from the September 15th total of 406,769 shares. Approximately 3.4% of the shares of the company are sold short. Based on an average daily volume of 1,891,795 shares, the days-to-cover ratio is currently 0.1 days.

T-REX 2X Long SpaceX Daily Target ETF Stock Down 7.9%

Shares of NYSEARCA SPAX traded down $0.93 during mid-day trading on Tuesday, reaching $10.85. 1,443,145 shares of the company were exchanged, compared to its average volume of 2,350,876. The company’s 50-day simple moving average is $9.80 and its 200-day simple moving average is $14.38. The stock has a market capitalization of $47.28 million, a P/E ratio of 33.95 and a beta of 9.71. T-REX 2X Long SpaceX Daily Target ETF has a twelve month low of $5.36 and a twelve month high of $28.05.

About T-REX 2X Long SpaceX Daily Target ETF

The Robinson Alternative Yield Pre-Merger SPAC ETF (SPAX) is an exchange-traded fund that mostly invests in small-cap stocks. The fund is an actively managed fund of small-cap, US-listed SPACs the advisor expects to experience a spike in price in the future. SPAX was launched on Jun 22, 2021 and is managed by Robinson.