T-Rex 2X Long MSTR Daily Target ETF (BATS:MSTU) Shares Up 1.9% – Still a Buy?

Shares of T-Rex 2X Long MSTR Daily Target ETF (BATS:MSTU) were up 1.9% during mid-day trading on Tuesday . The company traded as high as $7.84 and last traded at $7.60. Approximately 33,411,043 shares changed hands during mid-day trading, The stock had previously closed at $7.46.

T-Rex 2X Long MSTR Daily Target ETF Trading Up 7.9%

The stock has a fifty day simple moving average of $7.22 and a 200 day simple moving average of $9.45.

Institutional Trading of T-Rex 2X Long MSTR Daily Target ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in MSTU. Signaturefd LLC purchased a new position in T-Rex 2X Long MSTR Daily Target ETF during the fourth quarter valued at $57,000. Ewing Morris & Co. Investment Partners Ltd. bought a new position in shares of T-Rex 2X Long MSTR Daily Target ETF during the 4th quarter valued at approximately $109,000. Simplex Trading LLC boosted its position in shares of T-Rex 2X Long MSTR Daily Target ETF by 4,204,325.0% during the 4th quarter. Simplex Trading LLC now owns 1,345,416 shares of the company’s stock valued at $10,225,000 after acquiring an additional 1,345,384 shares during the last quarter. JPMorgan Chase & Co. purchased a new position in shares of T-Rex 2X Long MSTR Daily Target ETF in the fourth quarter valued at $1,986,000. Finally, HighTower Advisors LLC purchased a new stake in T-Rex 2X Long MSTR Daily Target ETF during the fourth quarter valued at $587,000.

About T-Rex 2X Long MSTR Daily Target ETF

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.