T-REX 2X Long SpaceX Daily Target ETF (NYSEARCA:SPAX) Sees Significant Increase in Short Interest

T-REX 2X Long SpaceX Daily Target ETF (NYSEARCA:SPAX) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 332,840 shares, a growth of 83.0% from the August 15th total of 181,900 shares. Based on an average daily volume of 1,809,287 shares, the short-interest ratio is presently 0.2 days. Currently, 9.8% of the company’s stock are sold short.

T-REX 2X Long SpaceX Daily Target ETF Trading Up 10.8%

Shares of NYSEARCA:SPAX traded up $1.01 during trading on Wednesday, hitting $10.39. 914,356 shares of the company were exchanged, compared to its average volume of 2,441,462. The stock has a market cap of $51.96 million, a price-to-earnings ratio of 33.95 and a beta of 14.17. T-REX 2X Long SpaceX Daily Target ETF has a fifty-two week low of $5.36 and a fifty-two week high of $28.05. The firm has a fifty day moving average price of $8.76 and a two-hundred day moving average price of $15.64.

About T-REX 2X Long SpaceX Daily Target ETF

The Robinson Alternative Yield Pre-Merger SPAC ETF (SPAX) is an exchange-traded fund that mostly invests in small-cap stocks. The fund is an actively managed fund of small-cap, US-listed SPACs the advisor expects to experience a spike in price in the future. SPAX was launched on Jun 22, 2021 and is managed by Robinson.