Leverage Shares 2x Long NVDA Daily ETF (NASDAQ:NVDG) Sees Significant Drop in Short Interest

Leverage Shares 2x Long NVDA Daily ETF (NASDAQ:NVDG) was the target of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 234,254 shares, a drop of 46.1% from the June 15th total of 434,774 shares. Based on an average trading volume of 180,572 shares, the days-to-cover ratio is presently 1.3 days. Approximately 8.9% of the shares of the stock are sold short.

Leverage Shares 2x Long NVDA Daily ETF Trading Down 4.7%

Shares of NVDG stock traded down $0.90 during trading hours on Thursday, reaching $18.09. The company’s stock had a trading volume of 145,338 shares, compared to its average volume of 362,002. Leverage Shares 2x Long NVDA Daily ETF has a fifty-two week low of $12.34 and a fifty-two week high of $25.34. The firm’s 50 day simple moving average is $19.13 and its 200-day simple moving average is $17.31.

Leverage Shares 2x Long NVDA Daily ETF Company Profile

The Leverage Shares 2X Long NVDA Daily ETF (NVDG) 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 stock, less fees, and expenses. NVDG was launched on Dec 13, 2024 and is issued by Leverage Shares.