T-Rex 2X Long MSTR Daily Target ETF (BATS:MSTU) Stock Price Down 7.4% – What’s Next?

T-Rex 2X Long MSTR Daily Target ETF (BATS:MSTU)’s stock price was down 7.4% on Monday . The company traded as low as $3.98 and last traded at $4.03. Approximately 29,015,563 shares changed hands during mid-day trading, a decline of 10% from the average daily volume of 32,158,795 shares. The stock had previously closed at $4.35.

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

The company’s 50 day moving average is $5.92 and its 200-day moving average is $18.81.

Hedge Funds Weigh In On T-Rex 2X Long MSTR Daily Target ETF

A number of institutional investors and hedge funds have recently made changes to their positions in MSTU. Kovack Advisors Inc. purchased a new position in shares of T-Rex 2X Long MSTR Daily Target ETF during the fourth quarter valued at approximately $262,000. HRT Financial LP grew its stake in shares of T-Rex 2X Long MSTR Daily Target ETF by 84.8% in the 4th quarter. HRT Financial LP now owns 144,427 shares of the company’s stock worth $1,200,000 after buying an additional 66,258 shares during the last quarter. StoneX Group Inc. purchased a new stake in shares of T-Rex 2X Long MSTR Daily Target ETF in the 4th quarter worth approximately $294,000. Goldman Sachs Group Inc. bought a new position in T-Rex 2X Long MSTR Daily Target ETF during the 4th quarter valued at approximately $249,000. Finally, Focus Partners Wealth bought a new position in T-Rex 2X Long MSTR Daily Target ETF during the 3rd quarter valued at approximately $70,000.

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.