T-REX 2X Long SpaceX Daily Target ETF (NYSEARCA:SPAX) Shares Shorted: Short Interest Down 60.3% in September

T-REX 2X Long SpaceX Daily Target ETF (NYSEARCA:SPAX) was the recipient of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 161,336 shares, a decrease of 60.3% from the September 15th total of 406,769 shares. Currently, 3.4% of the shares of the company are short sold. Based on an average daily trading volume, of 1,891,795 shares, the short-interest ratio is presently 0.1 days.

T-REX 2X Long SpaceX Daily Target ETF Trading Down 7.9%

Shares of SPAX traded down $0.93 during mid-day trading on Tuesday, reaching $10.85. The company’s stock had a trading volume of 1,443,145 shares, compared to its average volume of 2,350,876. 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 stock has a market cap of $47.28 million, a P/E ratio of 33.95 and a beta of 9.71. The business has a 50-day simple moving average of $9.80 and a two-hundred day simple moving average of $14.38.

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.