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

T-Rex 2X Inverse NVIDIA Daily Target ETF (BATS:NVDQ) saw a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 706,128 shares, a growth of 339.6% from the April 30th total of 160,632 shares. Currently, 2.3% of the company’s shares are sold short. Based on an average trading volume of 7,070,529 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in T-Rex 2X Inverse NVIDIA Daily Target ETF stock. IMC Chicago LLC acquired a new position in shares of T-Rex 2X Inverse NVIDIA Daily Target ETF (BATS:NVDQ) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 20,976 shares of the company’s stock, valued at approximately $368,000. IMC Chicago LLC owned approximately 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 Stock Performance

Shares of BATS:NVDQ opened at $10.96 on Friday. The business has a 50-day moving average of $13.70 and a two-hundred day moving average of $15.88. T-Rex 2X Inverse NVIDIA Daily Target ETF has a 12 month low of $9.07 and a 12 month high of $39.00.

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.