T-Rex 2X Inverse NVIDIA Daily Target ETF (BATS:NVDQ) Sees Significant Growth in Short Interest

T-Rex 2X Inverse NVIDIA Daily Target ETF (BATS:NVDQ) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totaling 218,595 shares, a growth of 145.0% from the September 15th total of 89,228 shares. Based on an average daily volume of 6,473,742 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.7% of the company’s shares are sold short.

T-Rex 2X Inverse NVIDIA Daily Target ETF Stock Performance

BATS:NVDQ opened at $8.12 on Wednesday. The stock’s 50-day moving average is $8.75 and its 200-day moving average is $11.02. T-Rex 2X Inverse NVIDIA Daily Target ETF has a 1-year low of $7.16 and a 1-year high of $20.57.

Institutional Investors Weigh In On T-Rex 2X Inverse NVIDIA Daily Target ETF

A hedge fund recently bought a new position in T-Rex 2X Inverse NVIDIA Daily Target ETF stock. IMC Chicago LLC bought a new position in shares of T-Rex 2X Inverse NVIDIA Daily Target ETF (BATS:NVDQ) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 20,976 shares of the company’s stock, valued at approximately $368,000. IMC Chicago LLC owned about 0.07% of T-Rex 2X Inverse NVIDIA Daily Target ETF at the end of the most recent reporting period.

T-Rex 2X Inverse NVIDIA Daily Target ETF Company Profile

The T-Rex 2X Inverse NVIDIA Daily Target ETF (NVDQ) is an exchange-traded fund that mostly invests in information technology equity. The fund aims to provide (-2x) inverse exposure to the daily price movement of NVIDIA Corporation stock, less fees, and expenses. NVDQ was launched on Oct 18, 2023 and is issued by Tuttle Capital Management.