Movement Alert｜T-Rex 2X Long MSTR Daily Target ETF Falls 11.32% in Regular Trading, Volatility Amplified After Strategy Expanded Repurchase Authorization

Market Focus10-22 21:34

On October 22, T-Rex 2X Long MSTR Daily Target ETF fell 11.32% in Regular Trading, trading at $34.44, with turnover of $26.345 million.

The move aligns with recent disclosed developments at its underlying exposure, Strategy, where capital management updates and bitcoin holding changes have remained the core public catalysts, while the fund’s 2x leveraged structure made the pullback more sensitive to swings in both MSTR and bitcoin.

Recent filings showed Strategy increased its digital credit securities repurchase authorization to $3.0 billion from $2.0 billion, with about $1.16 billion still available as of October 18. The company also disclosed holdings of 848,517 bitcoin as of October 18 and added 267 BTC during October 12 to October 18. Earlier strength tied to the same update was followed by sharper downside as trading volatility widened in the leveraged ETF.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment