Tradr 2X Long ASTS Daily ETF (BATS:ASTX) Short Interest Up 286.7% in June

Tradr 2X Long ASTS Daily ETF (BATS:ASTX) was the target of a large growth in short interest in June. As of June 15th, there was short interest totaling 2,442,451 shares, a growth of 286.7% from the May 31st total of 631,635 shares. Based on an average trading volume of 7,289,794 shares, the days-to-cover ratio is currently 0.3 days.

Tradr 2X Long ASTS Daily ETF Stock Performance

ASTX opened at $18.51 on Friday. The stock’s 50 day simple moving average is $34.10 and its 200 day simple moving average is $47.03. Tradr 2X Long ASTS Daily ETF has a 1-year low of $14.75 and a 1-year 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.