Short Interest in Tradr 1.5X Short NVDA Daily ETF (NASDAQ:NVDS) Rises By 82.2%

Tradr 1.5X Short NVDA Daily ETF (NASDAQ:NVDS) was the recipient of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 288,957 shares, an increase of 82.2% from the July 30th total of 158,550 shares. Based on an average daily trading volume, of 290,159 shares, the days-to-cover ratio is currently 1.0 days. Currently, 40.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Tradr 1.5X Short NVDA Daily ETF stock. JPMorgan Chase & Co. bought a new stake in shares of Tradr 1.5X Short NVDA Daily ETF (NASDAQ:NVDS) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 10,200 shares of the company’s stock, valued at approximately $147,000. JPMorgan Chase & Co. owned about 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 Trading Up 3.4%

Tradr 1.5X Short NVDA Daily ETF stock opened at $19.35 on Tuesday. Tradr 1.5X Short NVDA Daily ETF has a 12 month low of $17.56 and a 12 month high of $40.50. The stock has a fifty day simple moving average of $21.20 and a two-hundred day simple moving average of $23.55. The firm has a market cap of $13.93 million, a price-to-earnings ratio of 31.94 and a beta of -2.42.

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.