T-Rex 2X Long MSTR Daily Target ETF (BATS:MSTU) Shares Down 8.6% – Time to Sell?

T-Rex 2X Long MSTR Daily Target ETF (BATS:MSTU)’s share price dropped 8.6% during mid-day trading on Monday . The stock traded as low as $1.51 and last traded at $1.60. Approximately 144,210,820 shares were traded during trading, The stock had previously closed at $1.75.

T-Rex 2X Long MSTR Daily Target ETF Trading Down 5.0%

The company has a 50-day moving average price of $4.00 and a 200-day moving average price of $6.50.

Institutional Investors Weigh In On T-Rex 2X Long MSTR Daily Target ETF

Several large investors have recently bought and sold shares of MSTU. BNP Paribas Financial Markets bought a new position in shares of T-Rex 2X Long MSTR Daily Target ETF during the second quarter worth $12,888,000. Centric Wealth Management bought a new stake in shares of T-Rex 2X Long MSTR Daily Target ETF in the 3rd quarter valued at $5,819,000. Acorn Financial Advisory Services Inc. ADV raised its stake in T-Rex 2X Long MSTR Daily Target ETF by 137.9% during the 2nd quarter. Acorn Financial Advisory Services Inc. ADV now owns 685,660 shares of the company’s stock worth $5,931,000 after buying an additional 397,450 shares during the period. Scientech Research LLC acquired a new stake in T-Rex 2X Long MSTR Daily Target ETF during the 1st quarter worth $1,740,000. Finally, Group One Trading LLC lifted its holdings in T-Rex 2X Long MSTR Daily Target ETF by 219.1% during the third quarter. Group One Trading LLC now owns 345,993 shares of the company’s stock worth $1,609,000 after acquiring an additional 237,568 shares in the last quarter.

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.