T-Rex 2X Inverse MSTR Daily Target ETF (BATS:MSTZ) Sees Large Drop in Short Interest

T-Rex 2X Inverse MSTR Daily Target ETF (BATS:MSTZ) was the target of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 1,350,632 shares, a drop of 72.7% from the May 14th total of 4,945,996 shares. Based on an average trading volume of 21,885,321 shares, the short-interest ratio is currently 0.1 days. Approximately 4.5% of the company’s stock are sold short.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in T-Rex 2X Inverse MSTR Daily Target ETF stock. Flow Traders U.S. LLC bought a new position in T-Rex 2X Inverse MSTR Daily Target ETF (BATS:MSTZ) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 86,254 shares of the company’s stock, valued at approximately $454,000. Flow Traders U.S. LLC owned about 0.29% of T-Rex 2X Inverse MSTR Daily Target ETF at the end of the most recent quarter.

T-Rex 2X Inverse MSTR Daily Target ETF Stock Down 6.4%

MSTZ opened at $8.99 on Friday. T-Rex 2X Inverse MSTR Daily Target ETF has a 12 month low of $3.09 and a 12 month high of $28.71. The firm’s fifty day simple moving average is $7.57 and its 200 day simple moving average is $11.52.

About T-Rex 2X Inverse MSTR Daily Target ETF

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.