Tradr 1.5X Short NVDA Daily ETF (NASDAQ:NVDS) Short Interest Up 82.2% in August

Tradr 1.5X Short NVDA Daily ETF (NASDAQ:NVDS) was the target of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 288,957 shares, a growth of 82.2% from the July 30th total of 158,550 shares. Approximately 40.1% of the company’s shares are sold short. Based on an average daily trading volume, of 290,159 shares, the short-interest ratio is presently 1.0 days.

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. acquired a new position in Tradr 1.5X Short NVDA Daily ETF (NASDAQ:NVDS) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 as of its most recent filing with the Securities and Exchange Commission.

Tradr 1.5X Short NVDA Daily ETF Price Performance

Tradr 1.5X Short NVDA Daily ETF stock traded down $0.29 during trading hours on Monday, reaching $18.86. The stock had a trading volume of 287,926 shares, compared to its average volume of 395,082. The stock has a market cap of $13.58 million, a PE ratio of 31.94 and a beta of -2.42. Tradr 1.5X Short NVDA Daily ETF has a 52 week low of $17.56 and a 52 week high of $40.50. The company has a fifty day simple moving average of $21.26 and a 200-day simple moving average of $23.61.

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.