T-Rex 2X Long MSTR Daily Target ETF (BATS:MSTU) Sets New 52-Week Low – Time to Sell?

T-Rex 2X Long MSTR Daily Target ETF (BATS:MSTU)’s stock price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $2.93 and last traded at $2.98, with a volume of 13107527 shares trading hands. The stock had previously closed at $3.09.

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

The business has a 50 day simple moving average of $6.01 and a 200-day simple moving average of $7.06.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in MSTU. Apollon Wealth Management LLC bought a new position in shares of T-Rex 2X Long MSTR Daily Target ETF during the 1st quarter worth $42,000. NorthRock Partners LLC bought a new position in shares of T-Rex 2X Long MSTR Daily Target ETF during the 3rd quarter worth $46,000. NewEdge Advisors LLC bought a new position in shares of T-Rex 2X Long MSTR Daily Target ETF during the 1st quarter worth $51,000. Focus Partners Wealth bought a new position in shares of T-Rex 2X Long MSTR Daily Target ETF during the 3rd quarter worth $70,000. Finally, United Capital Management of KS Inc. grew its stake in shares of T-Rex 2X Long MSTR Daily Target ETF by 91.6% during the 3rd quarter. United Capital Management of KS Inc. now owns 28,771 shares of the company’s stock worth $134,000 after acquiring an additional 13,754 shares during the period.

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.