Short Interest in T-Rex 2X Long Tesla Daily Target ETF (NASDAQ:TSLT) Declines By 19.4%

T-Rex 2X Long Tesla Daily Target ETF (NASDAQ:TSLT) was the recipient of a large decline in short interest during 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 volume of 5,758,500 shares, the short-interest ratio is presently 0.1 days.

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

A hedge fund recently bought a new stake in T-Rex 2X Long Tesla Daily Target ETF stock. JPMorgan Chase & Co. purchased a new stake in T-Rex 2X Long Tesla Daily Target ETF (NASDAQ:TSLT) in the 3rd quarter, according to its most recent filing with the SEC. The fund purchased 137,000 shares of the company’s stock, valued at approximately $2,592,000. JPMorgan Chase & Co. owned about 0.64% of T-Rex 2X Long Tesla Daily Target ETF as of its most recent filing with the SEC.

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

NASDAQ:TSLT traded down $4.82 during trading hours on Friday, reaching $43.48. 3,028,077 shares of the company traded hands, compared to its average volume of 5,658,872. 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 firm’s 50-day moving average is $30.45 and its 200-day moving average is $20.30.

About T-Rex 2X Long Tesla Daily Target ETF

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.