T-Rex 2X Long Bitcoin Daily Target ETF (BATS:BTCL) Sees Significant Growth in Short Interest

T-Rex 2X Long Bitcoin Daily Target ETF (BATS:BTCL – Get Free Report) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 258,184 shares, a growth of 84.6% from the August 31st total of 139,831 shares. Based on an average daily trading volume, of 85,538 shares, the days-to-cover ratio is currently 3.0 days. Currently, 24.6% of the shares of the company are sold short.

T-Rex 2X Long Bitcoin Daily Target ETF Stock Up 0.1%

Shares of BTCL stock traded up $0.01 on Tuesday, hitting $19.95. 7,282 shares of the stock were exchanged, compared to its average volume of 110,991. T-Rex 2X Long Bitcoin Daily Target ETF has a one year low of $10.40 and a one year high of $68.29. The firm’s 50 day moving average is $15.84 and its two-hundred day moving average is $15.87.

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

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The T-Rex 2X Long Bitcoin Daily Target ETF (BTCL) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund aims to provide 2x leveraged exposure to the daily price movement of spot Bitcoin, less fees, and expenses. The fund uses over-the-counter swaps to pursue its objective. BTCL was launched on Jul 10, 2024 and is issued by Tuttle Capital Management.

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