Short Interest in Tradr 2X Long ASTS Daily ETF (BATS:ASTX) Decreases By 61.0%

Tradr 2X Long ASTS Daily ETF (BATS:ASTX) saw a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 631,635 shares, a drop of 61.0% from the May 14th total of 1,618,187 shares. Based on an average daily volume of 8,035,715 shares, the days-to-cover ratio is currently 0.1 days.

Tradr 2X Long ASTS Daily ETF Price Performance

Shares of ASTX opened at $25.71 on Friday. The business’s 50 day moving average is $38.70 and its 200 day moving average is $47.58. Tradr 2X Long ASTS Daily ETF has a 12-month low of $15.03 and a 12-month high of $114.18.

Tradr 2X Long ASTS Daily ETF (CBOE: ASTX) is an exchange-traded fund that provides leveraged exposure tied to the performance of the security identified by the ticker ASTS. Listed on the Cboe BZX Exchange under the ASTX symbol and marketed under the Tradr name, the fund is designed to deliver approximately twice (2x) the daily performance of its referenced underlying security before fees and expenses. As with other single‑security leveraged ETFs, its objective is daily amplification of returns rather than long‑term replication of an index.

The fund achieves its objective through the use of investment techniques commonly employed by leveraged products, which may include derivatives such as swaps, futures contracts and other instruments to obtain the targeted multiple of daily returns.