Traders Buy Large Volume of Call Options on T-Rex 2X Long MSTR Daily Target ETF (BATS:MSTU)

T-Rex 2X Long MSTR Daily Target ETF (BATS:MSTU) was the target of unusually large options trading activity on Wednesday. Traders bought 42,224 call options on the stock. This is an increase of approximately 91% compared to the typical daily volume of 22,058 call options.

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

MSTU traded up $0.47 during midday trading on Wednesday, reaching $2.16. The company’s stock had a trading volume of 170,850,552 shares, compared to its average volume of 53,909,664. T-Rex 2X Long MSTR Daily Target ETF has a 1 year low of $1.46 and a 1 year high of $61.50. The stock’s 50-day moving average is $2.13 and its 200-day moving average is $4.50.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MSTU. NorthRock Partners LLC bought a new stake in T-Rex 2X Long MSTR Daily Target ETF in the third quarter worth $46,000. Apollon Wealth Management LLC purchased a new stake in shares of T-Rex 2X Long MSTR Daily Target ETF in the first quarter worth $42,000. NewEdge Advisors LLC bought a new position in shares of T-Rex 2X Long MSTR Daily Target ETF during the first quarter valued at $51,000. Focus Partners Wealth bought a new position in shares of T-Rex 2X Long MSTR Daily Target ETF during the third quarter valued at $70,000. Finally, Flow Traders U.S. LLC purchased a new position in shares of T-Rex 2X Long MSTR Daily Target ETF in the 2nd quarter worth about $221,000.

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.