T-REX 2X Long SpaceX Daily Target ETF (NYSEARCA:SPAX) Sees Large Decrease in Short Interest

T-REX 2X Long SpaceX Daily Target ETF (NYSEARCA:SPAX – Get Free Report) was the target of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 161,336 shares, a decrease of 60.3% from the September 15th total of 406,769 shares. Based on an average daily volume of 1,891,795 shares, the days-to-cover ratio is presently 0.1 days. Currently, 3.4% of the shares of the company are short sold.

T-REX 2X Long SpaceX Daily Target ETF Stock Down 5.9%

Shares of NYSEARCA SPAX traded down $0.63 during mid-day trading on Wednesday, hitting $10.17. 1,795,663 shares of the company were exchanged, compared to its average volume of 2,346,493. The stock has a 50 day simple moving average of $9.86 and a 200-day simple moving average of $14.31. T-REX 2X Long SpaceX Daily Target ETF has a 1-year low of $5.36 and a 1-year high of $28.05. The firm has a market cap of $44.33 million, a price-to-earnings ratio of 33.95 and a beta of 9.71.

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T-REX 2X Long SpaceX Daily Target ETF Company Profile

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The Robinson Alternative Yield Pre-Merger SPAC ETF (SPAX) is an exchange-traded fund that mostly invests in small-cap stocks. The fund is an actively managed fund of small-cap, US-listed SPACs the advisor expects to experience a spike in price in the future. SPAX was launched on Jun 22, 2021 and is managed by Robinson.

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