T-REX 2X Long SpaceX Daily Target ETF (NYSEARCA:SPAX) Short Interest Up 56.3% in August

T-REX 2X Long SpaceX Daily Target ETF (NYSEARCA:SPAX) was the target of a significant growth in short interest in August. As of August 14th, there was short interest totaling 181,900 shares, a growth of 56.3% from the July 30th total of 116,374 shares. Based on an average trading volume of 5,692,238 shares, the days-to-cover ratio is currently 0.0 days. Currently, 5.3% of the shares of the stock are short sold.

T-REX 2X Long SpaceX Daily Target ETF Stock Down 2.4%

SPAX opened at $9.11 on Thursday. The firm has a market cap of $31.07 million, a P/E ratio of 33.95 and a beta of -14.30. The business’s fifty day simple moving average is $9.35 and its 200 day simple moving average is $16.28. T-REX 2X Long SpaceX Daily Target ETF has a 52 week low of $5.36 and a 52 week high of $28.05.

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

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.