Short Interest in T-Rex 2X Long Microsoft Daily Target ETF (BATS:MSFX) Drops By 53.4%

T-Rex 2X Long Microsoft Daily Target ETF (BATS:MSFX) was the recipient of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 233,819 shares, a drop of 53.4% from the July 30th total of 501,229 shares. Currently, 86.6% of the company’s shares are sold short. Based on an average daily trading volume, of 207,591 shares, the short-interest ratio is presently 1.1 days.

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

BATS MSFX opened at $26.60 on Friday. T-Rex 2X Long Microsoft Daily Target ETF has a 52 week low of $12.90 and a 52 week high of $39.37. The stock has a fifty day moving average of $19.36 and a 200-day moving average of $18.40.

Institutional Trading of T-Rex 2X Long Microsoft Daily Target ETF

An institutional investor recently raised its stake in T-Rex 2X Long Microsoft Daily Target ETF stock. Optiver Holding B.V. boosted its position in shares of T-Rex 2X Long Microsoft Daily Target ETF (BATS:MSFX) by 172.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,648 shares of the company’s stock after purchasing an additional 4,209 shares during the quarter. Optiver Holding B.V. owned about 2.46% of T-Rex 2X Long Microsoft Daily Target ETF worth $101,000 as of its most recent filing with the Securities and Exchange Commission.

About T-Rex 2X Long Microsoft Daily Target ETF

The T-Rex 2X Long Microsoft Daily Target ETF (MSFX) is an exchange-traded fund that mostly invests in information technology equity. The fund aims to provide 2x leveraged exposure to the daily price movement of Microsoft Corp. stock, less fees, and expenses. MSFX was launched on Jan 11, 2024 and is issued by Tuttle Capital Management.