T-Rex 2X Long NVIDIA Daily Target ETF (BATS:NVDX) Trading 3.6% Higher – What’s Next?

T-Rex 2X Long NVIDIA Daily Target ETF (BATS:NVDX)’s stock price shot up 3.6% during trading on Thursday . The stock traded as high as $21.36 and last traded at $20.81. 9,696,698 shares traded hands during mid-day trading, a decline of 28% from the average session volume of 13,387,043 shares. The stock had previously closed at $20.09.

T-Rex 2X Long NVIDIA Daily Target ETF Trading Up 3.6%

The firm’s 50-day moving average price is $18.53 and its 200 day moving average price is $17.26. The company has a market capitalization of $898.99 million, a price-to-earnings ratio of 42.82 and a beta of 5.00.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vestor Capital LLC increased its position in T-Rex 2X Long NVIDIA Daily Target ETF by 380.6% during the 1st quarter. Vestor Capital LLC now owns 22,407 shares of the company’s stock worth $312,000 after purchasing an additional 17,745 shares in the last quarter. Flow Traders U.S. LLC increased its position in T-Rex 2X Long NVIDIA Daily Target ETF by 14.9% during the 3rd 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 in the last quarter. SBI Securities Co. Ltd. increased its position in T-Rex 2X Long NVIDIA Daily Target ETF by 13.0% during the 4th 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 in the last quarter. Hollencrest Capital Management acquired a new position in T-Rex 2X Long NVIDIA Daily Target ETF during the 4th quarter worth approximately $51,000. Finally, Bogart Wealth LLC acquired a new position in T-Rex 2X Long NVIDIA Daily Target ETF during the 4th 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.