MicroStrategy 2X Leveraged, Inverse ETFs Are Here, Offer 'Unparalleled Access To MicroStrategy's Bitcoin Exposure'
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 18 2024
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Source: Benzinga
New Investment Options: REX Shares and Tuttle Capital Management have launched two new ETFs, the T-REX 2X Long MSTR Daily Target ETF (MSTU) and the T-REX 2X Inverse MSTR Daily Target ETF (MSTZ), providing investors with leveraged and inverse exposure to MicroStrategy's stock, which is closely tied to Bitcoin's performance.
MicroStrategy's Market Performance: MicroStrategy has seen significant stock gains, up 94% in 2024 and 790% over five years, driven by its substantial Bitcoin holdings, with plans to continue acquiring more Bitcoin as part of its investment strategy.
Analyst Views on MSTU
Wall Street analysts forecast MSTU stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MSTU is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 9.240
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Current: 9.240
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
