MicroStrategy's stock, a significant component of the ETF Opportunities Trust T-Rex 2X Long MSTR Daily Target ETF, is experiencing notable pressure due to a combination of market factors. The imposition of tariffs by the White House on February 1, including a 25% tariff on Mexico and Canada and a 10% tariff on China, has contributed to market volatility. This trade tension has led to short-term inflationary concerns, impacting stocks with significant exposure to international markets, such as MicroStrategy. Additionally, the company's close ties to Bitcoin, as the largest corporate holder of the cryptocurrency, have made its stock susceptible to the recent downturn in the crypto market. Pre-market trading indicated a 5.85% decline in MicroStrategy's stock, reflecting broader market sentiment and crypto market volatility.
The ETF Opportunities Trust T-Rex 2X Long MSTR Daily Target ETF (MSTU) is currently priced at $8.34, marking a 9.25% decrease from its previous close.