Tradr 1.5X Short NVDA Daily ETF (NASDAQ:NVDS) Shares Up 4.5% – Still a Buy?

Tradr 1.5X Short NVDA Daily ETF (NASDAQ:NVDS – Get Free Report)’s share price shot up 4.5% during trading on Wednesday. The stock traded as high as $21.35 and last traded at $21.28. Approximately 123,614 shares were traded during trading, a decline of 66% from the average session volume of 360,180 shares. The stock had previously closed at $20.36.

Tradr 1.5X Short NVDA Daily ETF Trading Up 4.5%

The business’s fifty day simple moving average is $18.60 and its 200-day simple moving average is $22.77. The firm has a market cap of $13.83 million, a P/E ratio of 31.94 and a beta of -2.48.

About Tradr 1.5X Short NVDA Daily ETF

(Get Free Report)

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.

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