T-REX 2X Long SpaceX Daily Target ETF (NYSEARCA:SPAX – Get Free Report) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 504,028 shares, an increase of 212.4% from the September 30th total of 161,336 shares. Approximately 9.7% of the company’s shares are short sold. Based on an average trading volume of 2,147,171 shares, the short-interest ratio is currently 0.2 days.
T-REX 2X Long SpaceX Daily Target ETF Price Performance
Shares of SPAX stock opened at $9.05 on Thursday. The firm’s 50-day simple moving average is $10.06 and its 200-day simple moving average is $15.55. T-REX 2X Long SpaceX Daily Target ETF has a 1-year low of $5.36 and a 1-year high of $28.05. The firm has a market cap of $49.59 million, a P/E ratio of 33.95 and a beta of -10.75.
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.
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