T-Rex 2X Long NVIDIA Daily Target ETF (BATS:NVDX) Hits New 12-Month High – Should You Buy?

Shares of T-Rex 2X Long NVIDIA Daily Target ETF (BATS:NVDX) hit a new 52-week high on Thursday . The company traded as high as $24.50 and last traded at $24.47, with a volume of 9914398 shares trading hands. The stock had previously closed at $22.57.

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

The firm has a market cap of $1.05 billion, a PE ratio of 42.82 and a beta of 5.00. The business has a fifty day moving average price of $16.63 and a two-hundred day moving average price of $17.19.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of NVDX. Flow Traders U.S. LLC purchased a new position in shares of T-Rex 2X Long NVIDIA Daily Target ETF during the second quarter valued at $243,000. Hollencrest Capital Management purchased a new position in T-Rex 2X Long NVIDIA Daily Target ETF in the fourth quarter valued at about $51,000. Bogart Wealth LLC purchased a new position in T-Rex 2X Long NVIDIA Daily Target ETF in the fourth quarter valued at about $26,000. Finally, SBI Securities Co. Ltd. grew its stake in T-Rex 2X Long NVIDIA Daily Target ETF by 13.0% in the fourth quarter. SBI Securities Co. Ltd. now owns 9,186 shares of the company’s stock valued at $157,000 after purchasing an additional 1,055 shares in the last quarter.

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.