T-Rex 2X Long Tesla Daily Target ETF (BATS:TSLT) Sees Large Drop in Short Interest

T-Rex 2X Long Tesla Daily Target ETF (BATS:TSLT) was the recipient of a significant drop in short interest in June. As of June 30th, there was short interest totaling 587,949 shares, a drop of 41.5% from the June 15th total of 1,004,870 shares. Approximately 2.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,441,151 shares, the short-interest ratio is presently 0.2 days.

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

T-Rex 2X Long Tesla Daily Target ETF stock opened at $17.11 on Thursday. The firm has a market cap of $393.53 million and a price-to-earnings ratio of 53.57. T-Rex 2X Long Tesla Daily Target ETF has a 1 year low of $13.54 and a 1 year high of $33.03. The firm’s 50 day moving average price is $19.42 and its two-hundred day moving average price is $20.42.

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

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