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

Posted by Paula Ricardo on Dec 30th, 2024

T-Rex 2X Long Tesla Daily Target ETF (NASDAQ:TSLT – Get Free Report) was the recipient of a large decline in short interest in the month of December. As of December 15th, there was short interest totalling 329,200 shares, a decline of 19.4% from the November 30th total of 408,600 shares. Based on an average daily trading volume, of 5,758,500 shares, the days-to-cover ratio is currently 0.1 days.

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

NASDAQ:TSLT traded down $2.92 on Monday, reaching $40.56. The stock had a trading volume of 3,289,022 shares, compared to its average volume of 5,649,305. T-Rex 2X Long Tesla Daily Target ETF has a 1-year low of $6.76 and a 1-year high of $56.90. The stock has a fifty day moving average price of $30.45 and a 200-day moving average price of $20.37.

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

An institutional investor recently bought a new position in T-Rex 2X Long Tesla Daily Target ETF stock. JPMorgan Chase & Co. bought a new position in shares of T-Rex 2X Long Tesla Daily Target ETF (NASDAQ:TSLT – Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 137,000 shares of the company’s stock, valued at approximately $2,592,000. JPMorgan Chase & Co. owned 0.64% of T-Rex 2X Long Tesla Daily Target ETF at the end of the most recent quarter.

About T-Rex 2X Long Tesla Daily Target ETF

(Get Free Report)

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.