T-Rex 2X Long NVIDIA Daily Target ETF (BATS:NVDX) Shares Down 2% – What’s Next?

T-Rex 2X Long NVIDIA Daily Target ETF (BATS:NVDX)’s share price fell 2% on Tuesday . The stock traded as low as $17.16 and last traded at $17.25. 7,093,084 shares were traded during mid-day trading, a decline of 47% from the average session volume of 13,509,615 shares. The stock had previously closed at $17.60.

T-Rex 2X Long NVIDIA Daily Target ETF Price Performance

The firm has a market capitalization of $745.20 million, a P/E ratio of 42.82 and a beta of 5.00. The firm’s 50 day simple moving average is $16.12 and its two-hundred day simple moving average is $17.06.

Institutional Trading of T-Rex 2X Long NVIDIA Daily Target ETF

Several hedge funds have recently added to or reduced their stakes in NVDX. Flow Traders U.S. LLC bought a new stake in T-Rex 2X Long NVIDIA Daily Target ETF in the second quarter worth $243,000. Bogart Wealth LLC bought a new stake in T-Rex 2X Long NVIDIA Daily Target ETF in the fourth quarter worth $26,000. SBI Securities Co. Ltd. lifted its stake in T-Rex 2X Long NVIDIA Daily Target ETF by 13.0% in the fourth quarter. SBI Securities Co. Ltd. now owns 9,186 shares of the company’s stock worth $157,000 after purchasing an additional 1,055 shares during the last quarter. Finally, Hollencrest Capital Management bought a new stake in T-Rex 2X Long NVIDIA Daily Target ETF in the fourth quarter worth $51,000.

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.