T-Rex 2X Long NVIDIA Daily Target ETF (BATS:NVDX) Trading Down 5.8% – Here’s What Happened

T-Rex 2X Long NVIDIA Daily Target ETF (BATS:NVDX)’s stock price fell 5.8% on Monday . The stock traded as low as $17.54 and last traded at $17.72. Approximately 6,867,785 shares traded hands during mid-day trading, a decline of 38% from the average daily volume of 11,051,149 shares. The stock had previously closed at $18.81.

T-Rex 2X Long NVIDIA Daily Target ETF Stock Down 2.5%

The business’s fifty day moving average is $18.00 and its 200-day moving average is $17.70. The company has a market cap of $777.17 million, a PE ratio of 42.82 and a beta of 5.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Vestor Capital LLC increased its stake in shares of T-Rex 2X Long NVIDIA Daily Target ETF by 380.6% in the 1st quarter. Vestor Capital LLC now owns 22,407 shares of the company’s stock worth $312,000 after purchasing an additional 17,745 shares in the last quarter. Hollencrest Capital Management purchased a new position in T-Rex 2X Long NVIDIA Daily Target ETF during the fourth quarter valued at $51,000. Flow Traders U.S. LLC lifted its position in T-Rex 2X Long NVIDIA Daily Target ETF by 14.9% during the third 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. lifted its position in T-Rex 2X Long NVIDIA Daily Target ETF by 13.0% during 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. Finally, Bogart Wealth LLC bought a new stake in T-Rex 2X Long NVIDIA Daily Target ETF during the fourth quarter valued at 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.