Tradr 2X Long ASTS Daily ETF (BATS:ASTX) Sees Large Growth in Short Interest

Tradr 2X Long ASTS Daily ETF (BATS:ASTX) was the recipient of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 1,618,187 shares, an increase of 63.0% from the April 30th total of 992,759 shares. Based on an average trading volume of 7,058,310 shares, the days-to-cover ratio is presently 0.2 days.

Tradr 2X Long ASTS Daily ETF Stock Performance

Shares of Tradr 2X Long ASTS Daily ETF stock opened at $47.31 on Thursday. The business has a fifty day simple moving average of $39.36 and a 200-day simple moving average of $47.55. Tradr 2X Long ASTS Daily ETF has a fifty-two week low of $15.03 and a fifty-two week high of $114.18.

Tradr 2X Long ASTS Daily ETF (CBOE: ASTX) is an exchange-traded fund that provides leveraged exposure tied to the performance of the security identified by the ticker ASTS. Listed on the Cboe BZX Exchange under the ASTX symbol and marketed under the Tradr name, the fund is designed to deliver approximately twice (2x) the daily performance of its referenced underlying security before fees and expenses. As with other single?security leveraged ETFs, its objective is daily amplification of returns rather than long?term replication of an index.

The fund achieves its objective through the use of investment techniques commonly employed by leveraged products, which may include derivatives such as swaps, futures contracts and other instruments to obtain the targeted multiple of daily returns.