T-Rex 2X Long Microsoft Daily Target ETF (BATS:MSFX) Sees Significant Decline in Short Interest

T-Rex 2X Long Microsoft Daily Target ETF (BATS:MSFX) was the target of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 233,819 shares, a drop of 53.4% from the July 30th total of 501,229 shares. Approximately 86.6% of the company’s shares are short sold. Based on an average trading volume of 207,591 shares, the short-interest ratio is currently 1.1 days.

Institutional Inflows and Outflows

A hedge fund recently raised its position in T-Rex 2X Long Microsoft Daily Target ETF stock. Optiver Holding B.V. raised its holdings in shares of T-Rex 2X Long Microsoft Daily Target ETF (BATS:MSFX) by 172.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,648 shares of the company’s stock after purchasing an additional 4,209 shares during the period. Optiver Holding B.V. owned 2.46% of T-Rex 2X Long Microsoft Daily Target ETF worth $101,000 at the end of the most recent reporting period.

T-Rex 2X Long Microsoft Daily Target ETF Stock Performance

MSFX stock opened at $26.60 on Monday. The firm’s 50-day moving average price is $19.36 and its two-hundred day moving average price is $18.39. T-Rex 2X Long Microsoft Daily Target ETF has a 12-month low of $12.90 and a 12-month high of $39.37.

About T-Rex 2X Long Microsoft Daily Target ETF

The T-Rex 2X Long Microsoft Daily Target ETF (MSFX) 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 Microsoft Corp. stock, less fees, and expenses. MSFX was launched on Jan 11, 2024 and is issued by Tuttle Capital Management.