T-REX 2X Long SpaceX Daily Target ETF (NYSEARCA:SPAX) Short Interest Up 83.0% in August

T-REX 2X Long SpaceX Daily Target ETF (NYSEARCA:SPAX) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 332,840 shares, an increase of 83.0% from the August 15th total of 181,900 shares. Approximately 9.8% of the company’s shares are short sold. Based on an average trading volume of 1,809,287 shares, the short-interest ratio is currently 0.2 days.

T-REX 2X Long SpaceX Daily Target ETF Trading Up 5.3%

Shares of SPAX stock traded up $0.55 during mid-day trading on Thursday, reaching $10.86. The stock had a trading volume of 1,547,218 shares, compared to its average volume of 2,455,109. The firm has a market capitalization of $54.29 million, a PE ratio of 33.95 and a beta of 14.17. The stock’s 50-day moving average price is $8.74 and its two-hundred day moving average price is $15.57. T-REX 2X Long SpaceX Daily Target ETF has a 52-week low of $5.36 and a 52-week high of $28.05.

T-REX 2X Long SpaceX Daily Target ETF Company Profile

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.