T-Rex 2X Long NVIDIA Daily Target ETF (BATS:NVDX) Trading 48.5% Higher – Here’s What Happened

T-Rex 2X Long NVIDIA Daily Target ETF (BATS:NVDX) shares were up 48.5% during mid-day trading on Wednesday . The stock traded as high as $14.2262 and last traded at $19.7850. Approximately 6,900,428 shares changed hands during mid-day trading, a decline of 51% from the average daily volume of 14,158,093 shares. The stock had previously closed at $13.32.

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

The company has a market cap of $854.71 million, a price-to-earnings ratio of 42.82 and a beta of 5.00. The business has a fifty day moving average price of $18.65 and a 200 day moving average price of $15.66.

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

Hedge funds have recently made changes to their positions in the stock. Jump Financial LLC bought a new stake in shares of T-Rex 2X Long NVIDIA Daily Target ETF during the 1st quarter valued at approximately $168,000. Flow Traders U.S. LLC bought a new position in T-Rex 2X Long NVIDIA Daily Target ETF in the 2nd quarter valued at approximately $243,000. Finally, SBI Securities Co. Ltd. boosted its position in T-Rex 2X Long NVIDIA Daily Target ETF by 4,864.7% in the first quarter. SBI Securities Co. Ltd. now owns 56,895 shares of the company’s stock valued at $443,000 after buying an additional 55,749 shares in the last quarter.

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.