Short Interest in T-Rex 2X Long Bitcoin Daily Target ETF (BATS:BTCL) Expands By 112.2%

T-Rex 2X Long Bitcoin Daily Target ETF (BATS:BTCL) was the recipient of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 91,223 shares, an increase of 112.2% from the May 14th total of 42,996 shares. Based on an average daily trading volume, of 59,615 shares, the days-to-cover ratio is presently 1.5 days. Currently, 8.7% of the shares of the stock are short sold.

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

BTCL stock opened at $12.65 on Friday. T-Rex 2X Long Bitcoin Daily Target ETF has a 12 month low of $11.02 and a 12 month high of $68.29. The company’s 50-day moving average price is $17.67 and its two-hundred day moving average price is $21.97.

About T-Rex 2X Long Bitcoin Daily Target ETF

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.