T-REX 2X Long SpaceX Daily Target ETF (NYSEARCA:SPAX) Sees Significant Increase in Short Interest

T-REX 2X Long SpaceX Daily Target ETF (NYSEARCA:SPAX) was the recipient 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. Based on an average trading volume of 1,809,287 shares, the days-to-cover ratio is currently 0.2 days. Approximately 9.8% of the company’s stock are sold short.

T-REX 2X Long SpaceX Daily Target ETF Price Performance

Shares of SPAX traded up $1.01 during mid-day trading on Wednesday, hitting $10.39. 914,356 shares of the company’s stock were exchanged, compared to its average volume of 2,441,462. The company has a market cap of $51.96 million, a PE ratio of 33.95 and a beta of 14.17. T-REX 2X Long SpaceX Daily Target ETF has a 52 week low of $5.36 and a 52 week high of $28.05. The company has a 50-day simple moving average of $8.76 and a 200 day simple moving average of $15.64.

About T-REX 2X Long SpaceX Daily Target ETF

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.