Short Interest in T-Rex 2X Long Bitcoin Daily Target ETF (BATS:BTCL) Drops By 83.9%

T-Rex 2X Long Bitcoin Daily Target ETF (BATS:BTCL) was the target of a significant decline in short interest in May. As of May 15th, there was short interest totaling 42,996 shares, a decline of 83.9% from the April 30th total of 267,757 shares. Based on an average daily volume of 64,604 shares, the days-to-cover ratio is currently 0.7 days. Approximately 4.1% of the shares of the stock are sold short.

T-Rex 2X Long Bitcoin Daily Target ETF Stock Down 4.2%

Shares of BATS:BTCL opened at $17.19 on Friday. T-Rex 2X Long Bitcoin Daily Target ETF has a 1-year low of $13.68 and a 1-year high of $68.29. The firm’s 50 day simple moving average is $18.22 and its two-hundred day simple moving average is $23.67.

About T-Rex 2X Long Bitcoin Daily Target ETF

The T-Rex 2X Long Bitcoin Daily Target ETF (BTCL) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund aims to provide 2x leveraged exposure to the daily price movement of spot Bitcoin, less fees, and expenses. The fund uses over-the-counter swaps to pursue its objective. BTCL was launched on Jul 10, 2024 and is issued by Tuttle Capital Management.