Tradr 2X Long QBTS Daily ETF (BATS:QBTX) Short Interest Up 694.0% in August

Tradr 2X Long QBTS Daily ETF (BATS:QBTX) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 1,184,620 shares, a growth of 694.0% from the August 15th total of 149,200 shares. Approximately 195.8% of the shares of the stock are sold short. Based on an average trading volume of 2,140,967 shares, the days-to-cover ratio is currently 0.6 days.

Tradr 2X Long QBTS Daily ETF Trading Up 1.5%

QBTX stock opened at $6.00 on Friday. Tradr 2X Long QBTS Daily ETF has a 12 month low of $5.62 and a 12 month high of $513.56. The firm has a 50-day moving average of $8.21 and a two-hundred day moving average of $12.21.

Shares of Tradr 2X Long QBTS Daily ETF are going to reverse split before the market opens on Tuesday, September 22nd. The 1-4 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, September 21st.

Institutional Trading of Tradr 2X Long QBTS Daily ETF

An institutional investor recently bought a new stake in Tradr 2X Long QBTS Daily ETF stock. Jump Financial LLC bought a new position in shares of Tradr 2X Long QBTS Daily ETF (BATS:QBTX) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 22,904 shares of the company’s stock, valued at approximately $3,583,000. Jump Financial LLC owned 1.61% of Tradr 2X Long QBTS Daily ETF as of its most recent SEC filing.

About Tradr 2X Long QBTS Daily ETF

Investment Managers Series Trust II – Tradr 2X Long QBTS Daily ETF is an exchange traded fund launched by Investment Managers Series Trust II. The fund is managed by AXS Investments LLC. It invests in public equity markets. The fund invests through derivatives in stocks of companies operating across information technology, software and services and computer software sectors. The fund uses derivatives such as swaps and options to create its portfolio. The fund invests in growth and value stocks of companies across diversified market capitalization.