T-Rex 2X Long NVIDIA Daily Target ETF (BATS:NVDX) Stock Price Down 1.3% – What’s Next?

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

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

The company has a market capitalization of $810.86 million, a P/E ratio of 42.82 and a beta of 5.00. The business has a 50-day moving average of $19.08 and a 200-day moving average of $17.37.

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

A number of large investors have recently made changes to their positions in NVDX. Vestor Capital LLC boosted its holdings in shares of 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 period. Hollencrest Capital Management purchased a new stake in shares of T-Rex 2X Long NVIDIA Daily Target ETF during the fourth quarter worth about $51,000. Flow Traders U.S. LLC increased its stake 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 valued at $365,000 after purchasing an additional 2,484 shares in the last quarter. SBI Securities Co. Ltd. raised its stake in T-Rex 2X Long NVIDIA Daily Target ETF by 13.0% in the 4th quarter. SBI Securities Co. Ltd. now owns 9,186 shares of the company’s stock worth $157,000 after acquiring an additional 1,055 shares during the last quarter. Finally, Bogart Wealth LLC purchased a new position in shares of T-Rex 2X Long NVIDIA Daily Target ETF in the fourth quarter worth about $26,000.

T-Rex 2X Long NVIDIA Daily Target ETF Company Profile

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.