T-Rex 2X Long MSTR Daily Target ETF (BATS:MSTU) Trading Down 13% – What’s Next?

T-Rex 2X Long MSTR Daily Target ETF (BATS:MSTU) shares traded down 13% on Thursday . The company traded as low as $1.75 and last traded at $1.80. 95,985,028 shares changed hands during trading, an increase of 115% from the average session volume of 44,634,137 shares. The stock had previously closed at $2.07.

T-Rex 2X Long MSTR Daily Target ETF Stock Down 13.0%

The company’s fifty day simple moving average is $3.44 and its 200-day simple moving average is $5.47.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. NorthRock Partners LLC acquired a new position in shares of T-Rex 2X Long MSTR Daily Target ETF in the 3rd quarter worth approximately $46,000. Apollon Wealth Management LLC bought a new position in shares of T-Rex 2X Long MSTR Daily Target ETF during the 1st quarter worth approximately $42,000. NewEdge Advisors LLC acquired a new stake in T-Rex 2X Long MSTR Daily Target ETF in the 1st quarter valued at $51,000. Focus Partners Wealth acquired a new stake in T-Rex 2X Long MSTR Daily Target ETF in the 3rd quarter valued at $70,000. Finally, Flow Traders U.S. LLC bought a new stake in T-Rex 2X Long MSTR Daily Target ETF in the second quarter valued at $221,000.

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.