Tradr 1.5X Short NVDA Daily ETF (NASDAQ:NVDS) Shares Up 1.1% – Here’s Why

Tradr 1.5X Short NVDA Daily ETF (NASDAQ:NVDSGet Free Report) was up 1.1% during mid-day trading on Thursday . The stock traded as high as $22.87 and last traded at $22.29. Approximately 208,000 shares changed hands during trading, a decline of 50% from the average session volume of 412,485 shares. The stock had previously closed at $22.05.

Tradr 1.5X Short NVDA Daily ETF Trading Down 6.1%

The stock’s fifty day simple moving average is $21.69 and its 200 day simple moving average is $25.51. The company has a market cap of $16.54 million, a price-to-earnings ratio of 31.94 and a beta of -2.42.

Institutional Investors Weigh In On Tradr 1.5X Short NVDA Daily ETF

A hedge fund recently bought a new stake in Tradr 1.5X Short NVDA Daily ETF stock. JPMorgan Chase & Co. acquired a new position in shares of Tradr 1.5X Short NVDA Daily ETF (NASDAQ:NVDSFree Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 10,200 shares of the company’s stock, valued at approximately $147,000. JPMorgan Chase & Co. owned approximately 0.23% of Tradr 1.5X Short NVDA Daily ETF as of its most recent filing with the Securities & Exchange Commission.

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.

Further Reading

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