Tradr 1.5X Short NVDA Daily ETF (NASDAQ:NVDS) Stock Price Up 2.2% – Still a Buy?

Tradr 1.5X Short NVDA Daily ETF (NASDAQ:NVDS) shot up 2.2% on Wednesday . The company traded as high as $22.29 and last traded at $22.11. 264,933 shares traded hands during mid-day trading, a decline of 40% from the average daily volume of 438,570 shares. The stock had previously closed at $21.64.

Tradr 1.5X Short NVDA Daily ETF Price Performance

The business has a 50-day simple moving average of $22.13 and a 200-day simple moving average of $26.70. The company has a market cap of $20.79 million, a PE ratio of 31.94 and a beta of -2.40.

Institutional Investors Weigh In On Tradr 1.5X Short NVDA Daily ETF

A hedge fund recently bought a new position in Tradr 1.5X Short NVDA Daily ETF stock. JPMorgan Chase & Co. acquired a new position in shares of Tradr 1.5X Short NVDA Daily ETF (NASDAQ:NVDS) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 10,200 shares of the company’s stock, valued at approximately $147,000. JPMorgan Chase & Co. owned 0.23% of Tradr 1.5X Short NVDA Daily ETF as of its most recent filing with the Securities & Exchange Commission.

About Tradr 1.5X Short NVDA Daily ETF

The AXS 1.25X NVDA Bear Daily ETF (NVDS) is an exchange-traded fund that is based on the NVIDIA Corporation index. The fund provides inverse (-1.25x) exposure, less fees and expenses, to the daily price movement for shares of Nvidia stock. NVDS was launched on Jul 14, 2022 and is managed by AXS Investments.