T-Rex 2X Long NVIDIA Daily Target ETF (BATS:NVDX) Reaches New 12-Month Low – What’s Next?

T-Rex 2X Long NVIDIA Daily Target ETF (BATS:NVDX) shares hit a new 52-week low during mid-day trading on Monday. The company traded as low as $10.96 and last traded at $12.0190, with a volume of 3,642,656 shares changing hands. The stock had previously closed at $13.30.

T-Rex 2X Long NVIDIA Daily Target ETF Trading Down 7.3%

The stock’s fifty day moving average price is $19.15 and its 200 day moving average price is $18.05. The stock has a market cap of $532.44 million, a P/E ratio of 42.82 and a beta of 5.00.

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

An institutional investor recently raised its position in T-Rex 2X Long NVIDIA Daily Target ETF stock. Vestor Capital LLC increased its holdings in T-Rex 2X Long NVIDIA Daily Target ETF (BATS:NVDX) by 380.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,407 shares of the company’s stock after purchasing an additional 17,745 shares during the quarter. Vestor Capital LLC owned 0.05% of T-Rex 2X Long NVIDIA Daily Target ETF worth $312,000 as of its most recent filing with the Securities & Exchange Commission.

About T-Rex 2X Long NVIDIA Daily Target ETF

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.