Tradr 1.5X Short NVDA Daily ETF (NASDAQ:NVDS) Stock Price Up 1.1% – Should You Buy?

Shares of Tradr 1.5X Short NVDA Daily ETF (NASDAQ:NVDS) traded up 1.1% during mid-day trading on Thursday . The stock traded as high as $22.87 and last traded at $22.29. Approximately 208,000 shares traded hands during mid-day trading, a decline of 50% from the average daily volume of 412,485 shares. The stock had previously closed at $22.05.

Tradr 1.5X Short NVDA Daily ETF Price Performance

The stock has a 50-day moving average of $21.72 and a 200-day moving average of $25.54. The firm has a market cap of $17.61 million, a price-to-earnings ratio of 31.94 and a beta of -2.42.

Institutional Trading of Tradr 1.5X Short NVDA Daily ETF

An institutional investor recently bought a new stake in Tradr 1.5X Short NVDA Daily ETF stock. JPMorgan Chase & Co. bought a new position in shares of Tradr 1.5X Short NVDA Daily ETF (NASDAQ:NVDS) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 10,200 shares of the company’s stock, valued at approximately $147,000. JPMorgan Chase & Co. owned approximately 0.23% of Tradr 1.5X Short NVDA Daily ETF as of its most recent filing with the SEC.

Tradr 1.5X Short NVDA Daily ETF Company Profile

The AXS 1.25X NVDA Bear Daily ETF (NVDS) is an exchange-traded fund that is based on the NVIDIA Corporation index. The fund provides inverse (-1.25x) exposure, less fees and expenses, to the daily price movement for shares of Nvidia stock. NVDS was launched on Jul 14, 2022 and is managed by AXS Investments.