T-Rex 2X Inverse NVIDIA Daily Target ETF (BATS:NVDQ) Stock Short Interest Falls 89.5%

T-Rex 2X Inverse NVIDIA Daily Target ETF (BATS:NVDQ) was the target of a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 89,228 shares, a decline of 89.5% from the August 31st total of 853,806 shares. Based on an average daily trading volume, of 5,475,672 shares, the short-interest ratio is currently 0.0 days. Currently, 0.3% of the shares of the company are sold short.

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

BATS NVDQ traded down $0.03 on Friday, hitting $8.41. The stock had a trading volume of 6,206,843 shares, compared to its average volume of 4,225,830. T-Rex 2X Inverse NVIDIA Daily Target ETF has a one year low of $7.82 and a one year high of $21.20. The company’s 50-day moving average is $9.54 and its two-hundred day moving average is $11.80.

Hedge Funds Weigh In On T-Rex 2X Inverse NVIDIA Daily Target ETF

A hedge fund recently bought a new stake in T-Rex 2X Inverse NVIDIA Daily Target ETF stock. IMC Chicago LLC purchased a new position in T-Rex 2X Inverse NVIDIA Daily Target ETF (BATS:NVDQ) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 20,976 shares of the company’s stock, valued at approximately $368,000. IMC Chicago LLC owned approximately 0.07% of T-Rex 2X Inverse NVIDIA Daily Target ETF at the end of the most recent reporting period.

About T-Rex 2X Inverse NVIDIA Daily Target ETF

The T-Rex 2X Inverse NVIDIA Daily Target ETF (NVDQ) is an exchange-traded fund that mostly invests in information technology equity. The fund aims to provide (-2x) inverse exposure to the daily price movement of NVIDIA Corporation stock, less fees, and expenses. NVDQ was launched on Oct 18, 2023 and is issued by Tuttle Capital Management.