T-Rex 2X Long Apple Daily Target ETF (BATS:AAPX) Sees Significant Drop in Short Interest

T-Rex 2X Long Apple Daily Target ETF (BATS:AAPX) was the recipient of a significant decline in short interest in October. As of October 15th, there was short interest totaling 18,164 shares, a decline of 58.4% from the September 30th total of 43,678 shares. Based on an average daily volume of 27,526 shares, the days-to-cover ratio is presently 0.7 days. Currently, 2.7% of the company’s stock are sold short.

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

Shares of AAPX stock opened at $42.37 on Friday. T-Rex 2X Long Apple Daily Target ETF has a fifty-two week low of $23.80 and a fifty-two week high of $44.17. The stock’s 50-day moving average is $40.09 and its two-hundred day moving average is $33.66. The firm has a market cap of $28.81 million, a P/E ratio of 29.81 and a beta of 2.02.

T-Rex 2X Long Apple Daily Target ETF Company Profile

The T-Rex 2X Long Apple Daily Target ETF (AAPX) 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 Apple, Inc stock, less fees, and expenses. AAPX was launched on Jan 11, 2024 and is issued by Tuttle Capital Management.