T-Rex 2X Inverse NVIDIA Daily Target ETF (BATS:NVDQ) Sees Large Increase in Short Interest

T-Rex 2X Inverse NVIDIA Daily Target ETF (BATS:NVDQ) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 853,806 shares, an increase of 175.4% from the August 15th total of 309,977 shares. Based on an average daily volume of 7,027,685 shares, the days-to-cover ratio is currently 0.1 days. Approximately 2.8% of the shares of the company are short sold.

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

Shares of NVDQ opened at $9.61 on Tuesday. The company’s fifty day moving average is $9.98 and its two-hundred day moving average is $12.26. T-Rex 2X Inverse NVIDIA Daily Target ETF has a 1 year low of $7.82 and a 1 year high of $23.00.

Institutional Inflows and Outflows

An institutional investor recently raised its position in T-Rex 2X Inverse NVIDIA Daily Target ETF stock. Citadel Advisors LLC increased its position in shares of T-Rex 2X Inverse NVIDIA Daily Target ETF (BATS:NVDQ) by 323.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 150,687 shares of the company’s stock after purchasing an additional 115,119 shares during the period. Citadel Advisors LLC owned approximately 0.49% of T-Rex 2X Inverse NVIDIA Daily Target ETF worth $1,798,000 as of its most recent SEC filing.

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.