T-Rex 2X Long NVIDIA Daily Target ETF (BATS:NVDX) Trading Down 1.3% – Here’s Why

T-Rex 2X Long NVIDIA Daily Target ETF (BATS:NVDX) shares fell 1.3% during trading on Thursday . The stock traded as low as $16.73 and last traded at $17.37. Approximately 8,112,115 shares changed hands during mid-day trading, a decline of 34% from the average daily volume of 12,331,431 shares. The stock had previously closed at $17.60.

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

The business has a 50 day moving average price of $19.10 and a two-hundred day moving average price of $17.37. The company has a market cap of $750.38 million, a P/E ratio of 42.82 and a beta of 5.00.

Hedge Funds Weigh In On T-Rex 2X Long NVIDIA Daily Target ETF

A number of large investors have recently bought and sold shares of the stock. Vestor Capital LLC lifted its position in T-Rex 2X Long NVIDIA Daily Target ETF by 380.6% in the first quarter. Vestor Capital LLC now owns 22,407 shares of the company’s stock valued at $312,000 after purchasing an additional 17,745 shares during the last quarter. Hollencrest Capital Management purchased a new stake in shares of T-Rex 2X Long NVIDIA Daily Target ETF during the fourth quarter valued at approximately $51,000. Flow Traders U.S. LLC grew its holdings in shares of T-Rex 2X Long NVIDIA Daily Target ETF by 14.9% in the third quarter. Flow Traders U.S. LLC now owns 19,131 shares of the company’s stock worth $365,000 after purchasing an additional 2,484 shares during the last quarter. SBI Securities Co. Ltd. grew its holdings in shares of T-Rex 2X Long NVIDIA Daily Target ETF by 13.0% in the fourth quarter. SBI Securities Co. Ltd. now owns 9,186 shares of the company’s stock worth $157,000 after purchasing an additional 1,055 shares during the last quarter. Finally, Bogart Wealth LLC bought a new position in shares of T-Rex 2X Long NVIDIA Daily Target ETF in the fourth quarter worth approximately $26,000.

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.