T-Rex 2X Inverse Tesla Daily Target ETF (BATS:TSLZ) Sees Significant Growth in Short Interest

T-Rex 2X Inverse Tesla Daily Target ETF (BATS:TSLZ) was the recipient of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 711,808 shares, an increase of 136.4% from the April 30th total of 301,042 shares. Based on an average trading volume of 5,701,530 shares, the days-to-cover ratio is currently 0.1 days. Approximately 1.3% of the company’s shares are sold short.

Hedge Funds Weigh In On T-Rex 2X Inverse Tesla Daily Target ETF

An institutional investor recently bought a new position in T-Rex 2X Inverse Tesla Daily Target ETF stock. DRW Securities LLC bought a new stake in T-Rex 2X Inverse Tesla Daily Target ETF (BATS:TSLZ) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 22,200 shares of the company’s stock, valued at approximately $263,000.

T-Rex 2X Inverse Tesla Daily Target ETF Stock Performance

Shares of BATS TSLZ opened at $10.66 on Monday. T-Rex 2X Inverse Tesla Daily Target ETF has a 52-week low of $9.73 and a 52-week high of $45.80. The firm has a 50 day moving average price of $14.08 and a two-hundred day moving average price of $13.39.

T-Rex 2X Inverse Tesla Daily Target ETF Company Profile

The T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ) is an exchange-traded fund that mostly invests in consumer discretionary equity. The fund aims to provide (-2x) inverse exposure to the daily price movement of Tesla, Inc stock, less fees, and expenses. TSLZ was launched on Oct 18, 2023 and is issued by Tuttle Capital Management.