T-Rex 2X Long MSTR Daily Target ETF (BATS:MSTU) Stock Price Down 13% – Here’s What Happened

T-Rex 2X Long MSTR Daily Target ETF (BATS:MSTU)’s share price dropped 13% during mid-day trading on Thursday . The company traded as low as $1.75 and last traded at $1.80. Approximately 95,985,028 shares changed hands during mid-day trading, an increase of 115% from the average daily volume of 44,634,137 shares. The stock had previously closed at $2.07.

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

The firm’s 50 day moving average price is $3.32 and its 200 day moving average price is $5.45.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Apollon Wealth Management LLC bought a new position in T-Rex 2X Long MSTR Daily Target ETF during the 1st quarter valued at approximately $42,000. NorthRock Partners LLC purchased a new position in shares of T-Rex 2X Long MSTR Daily Target ETF during the third quarter valued at approximately $46,000. NewEdge Advisors LLC bought a new position in shares of T-Rex 2X Long MSTR Daily Target ETF during the first quarter valued at approximately $51,000. Focus Partners Wealth bought a new position in shares of T-Rex 2X Long MSTR Daily Target ETF during the third quarter valued at approximately $70,000. Finally, WJ Financial Advisors LLC bought a new position in shares of T-Rex 2X Long MSTR Daily Target ETF during the first quarter valued at approximately $149,000.

About T-Rex 2X Long MSTR Daily Target ETF

The T-Rex 2X Long MSTR Daily Target ETF (MSTU) is an exchange-traded fund that mostly invests in information technology equity. The fund aims to provide 2x leveraged exposure to the daily price movement of MicroStrategy Inc stock (NYSE: MSTR), less fees and expenses. MSTU was launched on Sep 18, 2024 and is issued by Tuttle Capital Management.