T-Rex 2X Inverse Bitcoin Daily Target ETF (BATS:BTCZ) Sees Large Drop in Short Interest

T-Rex 2X Inverse Bitcoin Daily Target ETF (BATS:BTCZ) was the recipient of a large drop in short interest in July. As of July 15th, there was short interest totaling 297,324 shares, a drop of 52.2% from the June 30th total of 621,801 shares. Currently, 22.9% of the shares of the stock are sold short. Based on an average daily volume of 21,699,702 shares, the days-to-cover ratio is presently 0.0 days.

T-Rex 2X Inverse Bitcoin Daily Target ETF Price Performance

Shares of BTCZ stock opened at $5.34 on Tuesday. The firm has a 50-day moving average price of $5.47 and a 200 day moving average price of $5.04. T-Rex 2X Inverse Bitcoin Daily Target ETF has a twelve month low of $2.30 and a twelve month high of $7.34.

Institutional Investors Weigh In On T-Rex 2X Inverse Bitcoin Daily Target ETF

A hedge fund recently bought a new position in T-Rex 2X Inverse Bitcoin Daily Target ETF stock. Flow Traders U.S. LLC acquired a new stake in T-Rex 2X Inverse Bitcoin Daily Target ETF (BATS:BTCZ) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 38,961 shares of the company’s stock, valued at approximately $110,000. Flow Traders U.S. LLC owned about 3.00% of T-Rex 2X Inverse Bitcoin Daily Target ETF at the end of the most recent reporting period.

T-Rex 2X Inverse Bitcoin Daily Target ETF Company Profile

The T-Rex 2X Inverse Bitcoin Daily Target ETF (BTCZ) is an exchange-traded fund that mostly invests in long usd, short btc currency. The fund aims to provide (-2x) inverse exposure to the daily price movement of spot Bitcoin, less fees, and expenses. The fund uses over-the-counter swaps to pursue its objective. BTCZ was launched on Jul 10, 2024 and is issued by Tuttle Capital Management.