T-Rex 2X Long NVIDIA Daily Target ETF (BATS:NVDX) Sees Large Decrease in Short Interest

T-Rex 2X Long NVIDIA Daily Target ETF (BATS:NVDX) saw a significant decrease in short interest in May. As of May 29th, there was short interest totaling 4,268,317 shares, a decrease of 38.8% from the May 14th total of 6,976,011 shares. Based on an average daily trading volume, of 11,692,264 shares, the short-interest ratio is currently 0.4 days. Approximately 9.9% of the company’s shares are sold short.

T-Rex 2X Long NVIDIA Daily Target ETF Trading Up 7.0%

NVDX opened at $19.40 on Tuesday. The company has a market cap of $838.08 million, a price-to-earnings ratio of 42.82 and a beta of 5.00. The stock has a fifty day simple moving average of $19.18 and a two-hundred day simple moving average of $17.31. T-Rex 2X Long NVIDIA Daily Target ETF has a 12-month low of $11.85 and a 12-month high of $24.72.

Hedge Funds Weigh In On T-Rex 2X Long NVIDIA Daily Target ETF

Several large investors have recently made changes to their positions in the business. Bogart Wealth LLC bought a new stake in shares of T-Rex 2X Long NVIDIA Daily Target ETF in the 4th quarter worth approximately $26,000. Hollencrest Capital Management bought a new position in T-Rex 2X Long NVIDIA Daily Target ETF during the 4th quarter valued at approximately $51,000. SBI Securities Co. Ltd. raised its stake in T-Rex 2X Long NVIDIA Daily Target ETF by 13.0% during the fourth quarter. SBI Securities Co. Ltd. now owns 9,186 shares of the company’s stock valued at $157,000 after buying an additional 1,055 shares during the last quarter. Flow Traders U.S. LLC purchased a new position in T-Rex 2X Long NVIDIA Daily Target ETF during the second quarter valued at $243,000. Finally, Vestor Capital LLC boosted its holdings in T-Rex 2X Long NVIDIA Daily Target ETF by 380.6% in the first quarter. Vestor Capital LLC now owns 22,407 shares of the company’s stock worth $312,000 after acquiring an additional 17,745 shares in the last quarter.

T-Rex 2X Long NVIDIA Daily Target ETF Company Profile

The T-Rex 2X Long NVIDIA Daily Target ETF (NVDX) is an exchange-traded fund that mostly invests in information technology equity. The fund aims to provide 2x leveraged exposure to the daily price movement of NVIDIA Corporation stock, less fees, and expenses. NVDX was launched on Oct 18, 2023 and is issued by Tuttle Capital Management.