T-Rex 2X Long MSTR Daily Target ETF (BATS:MSTU) Hits New 52-Week Low – Here’s What Happened

T-Rex 2X Long MSTR Daily Target ETF (BATS:MSTU)’s stock price reached a new 52-week low on Friday . The stock traded as low as $3.12 and last traded at $3.16, with a volume of 38963712 shares changing hands. The stock had previously closed at $3.95.

T-Rex 2X Long MSTR Daily Target ETF Stock Down 13.7%

The firm’s 50 day moving average is $6.14 and its two-hundred day moving average is $7.63.

Hedge Funds Weigh In On T-Rex 2X Long MSTR Daily Target ETF

Several hedge funds and other institutional investors have recently made changes to their positions in MSTU. Flow Traders U.S. LLC bought a new position in shares of T-Rex 2X Long MSTR Daily Target ETF in the second quarter valued at $221,000. Jump Financial LLC bought a new position in T-Rex 2X Long MSTR Daily Target ETF during the second quarter worth $308,000. BNP Paribas Financial Markets bought a new position in T-Rex 2X Long MSTR Daily Target ETF during the second quarter worth $12,888,000. Group One Trading LLC bought a new position in T-Rex 2X Long MSTR Daily Target ETF during the second quarter worth $938,000. Finally, SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co boosted its position in T-Rex 2X Long MSTR Daily Target ETF by 38.0% during the third quarter. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co now owns 157,204 shares of the company’s stock worth $731,000 after purchasing an additional 43,301 shares during the period.

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

The T-Rex 2X Long MSTR Daily Target ETF (MSTU) 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 MicroStrategy Inc stock (NYSE: MSTR), less fees and expenses. MSTU was launched on Sep 18, 2024 and is issued by Tuttle Capital Management.