Tradr 1.5X Short NVDA Daily ETF (NASDAQ:NVDS) Shares Down 4.5% – Here’s What Happened

Tradr 1.5X Short NVDA Daily ETF (NASDAQ:NVDS) traded down 4.5% on Friday . The stock traded as low as $21.97 and last traded at $22.17. Approximately 285,472 shares changed hands during trading, a decline of 28% from the average session volume of 394,696 shares. The stock had previously closed at $23.22.

Tradr 1.5X Short NVDA Daily ETF Stock Performance

The company has a market cap of $16.41 million, a PE ratio of 31.94 and a beta of -2.42. The company has a fifty day moving average of $21.99 and a two-hundred day moving average of $24.87.

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

A hedge fund recently bought a new stake in Tradr 1.5X Short NVDA Daily ETF stock. JPMorgan Chase & Co. bought a new stake in Tradr 1.5X Short NVDA Daily ETF (NASDAQ:NVDS) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 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 at the end of the most recent quarter.

Tradr 1.5X Short NVDA Daily ETF Company Profile

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.