Tradr 1.5X Short NVDA Daily ETF (NASDAQ:NVDS) Stock Price Down 4.5% – Here’s What Happened

Tradr 1.5X Short NVDA Daily ETF (NASDAQ:NVDS)’s share price dropped 4.5% on Friday . The company traded as low as $21.97 and last traded at $22.17. 285,472 shares changed hands during mid-day trading, a decline of 28% from the average daily volume of 394,696 shares. The stock had previously closed at $23.22.

Tradr 1.5X Short NVDA Daily ETF Trading Down 4.5%

The firm’s 50-day moving average price is $21.99 and its 200-day moving average price is $24.87. The stock has a market capitalization of $16.41 million, a PE ratio of 31.94 and a beta of -2.42.

Institutional Investors Weigh In On Tradr 1.5X Short NVDA Daily ETF

A hedge fund recently bought a new position in Tradr 1.5X Short NVDA Daily ETF stock. JPMorgan Chase & Co. acquired a new stake in shares of Tradr 1.5X Short NVDA Daily ETF (NASDAQ:NVDS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,200 shares of the company’s stock, valued at approximately $147,000. JPMorgan Chase & Co. owned 0.23% of Tradr 1.5X Short NVDA Daily ETF at the end of the most recent reporting period.

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.