T-Rex 2X Long NFLX Daily Target ETF (BATS:NFLU) Sees Large Decrease in Short Interest

T-Rex 2X Long NFLX Daily Target ETF (BATS:NFLU) saw a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 205,362 shares, a drop of 45.1% from the June 15th total of 373,804 shares. Approximately 82.1% of the company’s stock are short sold. Based on an average daily trading volume, of 281,649 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in T-Rex 2X Long NFLX Daily Target ETF stock. Hollencrest Capital Management acquired a new position in shares of T-Rex 2X Long NFLX Daily Target ETF (BATS:NFLU) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 2,500 shares of the company’s stock, valued at approximately $80,000. Hollencrest Capital Management owned about 1.00% of T-Rex 2X Long NFLX Daily Target ETF at the end of the most recent reporting period.

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

Shares of BATS:NFLU opened at $17.29 on Wednesday. T-Rex 2X Long NFLX Daily Target ETF has a 52 week low of $16.33 and a 52 week high of $67.44. The firm has a 50 day moving average of $21.77 and a 200 day moving average of $26.66.

T-Rex 2X Long NFLX Daily Target ETF Company Profile

The T-Rex 2X Long NFLX Daily Target ETF (NFLU) is an exchange-traded fund that mostly invests in communication services equity. The fund aims to provide 2x leveraged exposure to the daily price movement of Netflix Inc stock, less fees, and expenses. NFLU was launched on Sep 27, 2024 and is issued by Tuttle Capital Management.