Short Interest in T-Rex 2X Inverse Bitcoin Daily Target ETF (BATS:BTCZ) Drops By 73.9%

T-Rex 2X Inverse Bitcoin Daily Target ETF (BATS:BTCZ) saw a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 61,878 shares, a decrease of 73.9% from the August 15th total of 236,737 shares. Based on an average daily volume of 13,220,945 shares, the days-to-cover ratio is currently 0.0 days. Approximately 4.8% of the company’s stock are short sold.

Institutional Investors Weigh In On T-Rex 2X Inverse Bitcoin Daily Target ETF

A hedge fund recently bought a new stake in T-Rex 2X Inverse Bitcoin Daily Target ETF stock. Flow Traders U.S. LLC acquired a new stake in T-Rex 2X Inverse Bitcoin Daily Target ETF (BATS:BTCZ) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 38,961 shares of the company’s stock, valued at approximately $110,000. Flow Traders U.S. LLC owned about 3.00% of T-Rex 2X Inverse Bitcoin Daily Target ETF at the end of the most recent quarter.

T-Rex 2X Inverse Bitcoin Daily Target ETF Stock Down 0.3%

Shares of BATS BTCZ opened at $3.55 on Friday. T-Rex 2X Inverse Bitcoin Daily Target ETF has a fifty-two week low of $2.30 and a fifty-two week high of $7.34. The firm’s 50-day simple moving average is $4.79 and its 200 day simple moving average is $4.97.

About T-Rex 2X Inverse Bitcoin Daily Target ETF

The T-Rex 2X Inverse Bitcoin Daily Target ETF (BTCZ) is an exchange-traded fund that mostly invests in long usd, short btc currency. The fund aims to provide (-2x) inverse exposure to the daily price movement of spot Bitcoin, less fees, and expenses. The fund uses over-the-counter swaps to pursue its objective. BTCZ was launched on Jul 10, 2024 and is issued by Tuttle Capital Management.