T-Rex 2X Long NFLX Daily Target ETF (BATS:NFLU) Short Interest Down 64.9% in August

T-Rex 2X Long NFLX Daily Target ETF (BATS:NFLU) saw a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 48,724 shares, a decline of 64.9% from the July 30th total of 138,853 shares. Based on an average daily volume of 337,388 shares, the days-to-cover ratio is presently 0.1 days. Approximately 19.5% of the shares of the company are short sold.

T-Rex 2X Long NFLX Daily Target ETF Price Performance

Shares of NFLU opened at $20.69 on Friday. The stock’s 50-day simple moving average is $17.72 and its 200 day simple moving average is $24.20. T-Rex 2X Long NFLX Daily Target ETF has a 52-week low of $13.33 and a 52-week high of $63.88.

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

An institutional investor recently bought a new position in T-Rex 2X Long NFLX Daily Target ETF stock. Hollencrest Capital Management acquired a new stake in T-Rex 2X Long NFLX Daily Target ETF (BATS:NFLU) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,500 shares of the company’s stock, valued at approximately $80,000. Hollencrest Capital Management owned 1.00% of T-Rex 2X Long NFLX Daily Target ETF at the end of the most recent quarter.

About T-Rex 2X Long NFLX Daily Target ETF

The T-Rex 2X Long NFLX Daily Target ETF (NFLU) is an exchange-traded fund that mostly invests in communication services equity. The fund aims to provide 2x leveraged exposure to the daily price movement of Netflix Inc stock, less fees, and expenses. NFLU was launched on Sep 27, 2024 and is issued by Tuttle Capital Management.