Short Interest in T-Rex 2X Long Microsoft Daily Target ETF (BATS:MSFX) Drops By 53.4%

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

T-Rex 2X Long Microsoft Daily Target ETF Stock Up 3.3%

Shares of MSFX stock opened at $26.60 on Friday. T-Rex 2X Long Microsoft Daily Target ETF has a 52-week low of $12.90 and a 52-week high of $39.37. The firm’s 50 day moving average price is $19.36 and its two-hundred day moving average price is $18.40.

Institutional Inflows and Outflows

An institutional investor recently raised its position in T-Rex 2X Long Microsoft Daily Target ETF stock. Flow Traders U.S. LLC lifted its stake in T-Rex 2X Long Microsoft Daily Target ETF (BATS:MSFX) by 117.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,082 shares of the company’s stock after purchasing an additional 9,757 shares during the period. Flow Traders U.S. LLC owned 6.70% of T-Rex 2X Long Microsoft Daily Target ETF worth $632,000 at the end of the most recent quarter.

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

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.