Short Interest in T-Rex 2X Inverse MSTR Daily Target ETF (BATS:MSTZ) Drops By 72.7%

T-Rex 2X Inverse MSTR Daily Target ETF (BATS:MSTZ) was the target of a significant decline in short interest in May. As of May 29th, there was short interest totaling 1,350,632 shares, a decline of 72.7% from the May 14th total of 4,945,996 shares. Based on an average daily volume of 21,885,321 shares, the days-to-cover ratio is currently 0.1 days. Approximately 4.5% of the shares of the stock are sold short.

T-Rex 2X Inverse MSTR Daily Target ETF Price Performance

BATS:MSTZ traded down $1.15 during trading hours on Friday, hitting $8.45. 11,248,479 shares of the stock traded hands, compared to its average volume of 19,524,322. T-Rex 2X Inverse MSTR Daily Target ETF has a 1 year low of $3.09 and a 1 year high of $28.71. The stock has a 50 day moving average price of $7.65 and a 200 day moving average price of $11.54.

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

An institutional investor recently raised its position in T-Rex 2X Inverse MSTR Daily Target ETF stock. SBI Securities Co. Ltd. raised its position in shares of T-Rex 2X Inverse MSTR Daily Target ETF (BATS:MSTZ) by 844.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,937 shares of the company’s stock after purchasing an additional 23,191 shares during the quarter. SBI Securities Co. Ltd. owned 0.09% of T-Rex 2X Inverse MSTR Daily Target ETF worth $136,000 as of its most recent SEC filing.

T-Rex 2X Inverse MSTR Daily Target ETF Company Profile

The T-Rex 2X Inverse MSTR Daily Target ETF (MSTZ) is an exchange-traded fund that mostly invests in information technology equity. The fund aims to provide (-2x) inverse exposure to the daily price movement of MicroStrategy Inc stock (NYSE: MSTR), less fees and expenses. MSTZ was launched on Sep 18, 2024 and is issued by Tuttle Capital Management.