Short Interest in T-Rex 2X Long Ether Daily Target ETF (BATS:ETU) Drops By 55.9%

T-Rex 2X Long Ether Daily Target ETF (BATS:ETU) was the target of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 162,859 shares, a drop of 55.9% from the June 30th total of 369,292 shares. Based on an average daily trading volume, of 101,508 shares, the short-interest ratio is currently 1.6 days. Approximately 23.9% of the shares of the company are short sold.

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

ETU stock opened at $4.50 on Tuesday. T-Rex 2X Long Ether Daily Target ETF has a twelve month low of $2.86 and a twelve month high of $48.91. The business’s 50-day simple moving average is $4.11 and its 200 day simple moving average is $6.69.

About T-Rex 2X Long Ether Daily Target ETF

The T-Rex 2X Long Ether Daily Target ETF (ETU) is an exchange-traded fund that mostly invests in long eth, short usd currency. The fund aims to provide 2x leveraged exposure to the daily price movement of spot Ether (ETH), less fees, and expenses. The fund uses over-the-counter swaps to pursue its objective. ETU was launched on Oct 23, 2024 and is issued by Tuttle Capital Management.