T-Rex 2X Long NVIDIA Daily Target ETF (BATS:NVDX) Stock Price Up 33.4% – Still a Buy?

T-Rex 2X Long NVIDIA Daily Target ETF (BATS:NVDXGet Free Report) was up 33.4% on Monday . The stock traded as high as $14.2262 and last traded at $17.77. 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 $767.66 million, a price-to-earnings ratio of 42.82 and a beta of 5.00. The firm has a fifty day moving average price of $18.73 and a 200 day moving average price of $16.75.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in T-Rex 2X Long NVIDIA Daily Target ETF stock. Flow Traders U.S. LLC bought a new position in shares of T-Rex 2X Long NVIDIA Daily Target ETF (BATS:NVDXFree Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 16,647 shares of the company’s stock, valued at approximately $243,000.

About T-Rex 2X Long NVIDIA Daily Target ETF

(Get Free Report)

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.

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