T-Rex 2X Long MSTR Daily Target ETF (BATS:MSTU) Stock Price Down 10.9% – Time to Sell?

T-Rex 2X Long MSTR Daily Target ETF (BATS:MSTU)’s share price dropped 10.9% during trading on Monday . The stock traded as low as $4.44 and last traded at $4.51. Approximately 38,172,076 shares traded hands during mid-day trading, an increase of 28% from the average daily volume of 29,836,447 shares. The stock had previously closed at $5.06.

T-Rex 2X Long MSTR Daily Target ETF Trading Down 10.9%

The firm has a 50-day moving average of $8.02 and a two-hundred day moving average of $28.59.

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

Several institutional investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets purchased a new position in T-Rex 2X Long MSTR Daily Target ETF during the second quarter valued at approximately $12,888,000. Centric Wealth Management purchased a new position in shares of T-Rex 2X Long MSTR Daily Target ETF during the 3rd quarter valued at $5,819,000. Acorn Financial Advisory Services Inc. ADV increased its stake in shares of T-Rex 2X Long MSTR Daily Target ETF by 53.6% in the third quarter. Acorn Financial Advisory Services Inc. ADV now owns 1,053,044 shares of the company’s stock worth $4,897,000 after acquiring an additional 367,384 shares during the last quarter. Group One Trading LLC increased its stake in shares of T-Rex 2X Long MSTR Daily Target ETF by 219.1% in 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 during the last quarter. Finally, Hartline Investment Corp purchased a new stake in shares of T-Rex 2X Long MSTR Daily Target ETF during the third quarter worth $651,000.

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.