T-Rex 2X Long MSTR Daily Target ETF (BATS:MSTU) Stock Price Down 13% – Should You Sell?

T-Rex 2X Long MSTR Daily Target ETF (BATS:MSTU)’s share price traded down 13% during trading on Thursday . The company traded as low as $1.75 and last traded at $1.80. 95,985,028 shares traded hands during mid-day trading, an increase of 115% from the average session 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 has a fifty day moving average price of $3.44 and a 200 day moving average price of $5.47.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. StoneX Group Inc. acquired a new stake in T-Rex 2X Long MSTR Daily Target ETF in the 4th quarter valued at about $294,000. Kovack Advisors Inc. acquired a new position in shares of T-Rex 2X Long MSTR Daily Target ETF during the fourth quarter worth approximately $262,000. Goldman Sachs Group Inc. acquired a new position in shares of T-Rex 2X Long MSTR Daily Target ETF during the fourth quarter worth approximately $249,000. Focus Partners Wealth bought a new stake in shares of T-Rex 2X Long MSTR Daily Target ETF during the third quarter valued at approximately $70,000. Finally, NorthRock Partners LLC bought a new stake in shares of T-Rex 2X Long MSTR Daily Target ETF during the third quarter valued at approximately $46,000.

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.