T-Rex 2X Inverse NVIDIA Daily Target ETF (BATS:NVDQ) Stock Crosses Above 200 Day Moving Average – What’s Next?

T-Rex 2X Inverse NVIDIA Daily Target ETF (BATS:NVDQ)’s share price crossed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $12.14 and traded as high as $12.23. T-Rex 2X Inverse NVIDIA Daily Target ETF shares last traded at $12.21, with a volume of 12,073,467 shares.

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

The stock’s fifty day moving average is $8.76 and its 200-day moving average is $12.14.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. IMC Chicago LLC acquired a new position in shares of T-Rex 2X Inverse NVIDIA Daily Target ETF in the 1st quarter valued at $368,000. StoneX Group Inc. bought a new stake in shares of T-Rex 2X Inverse NVIDIA Daily Target ETF in the 3rd quarter valued at $626,000. Finally, Citadel Advisors LLC increased its position in shares of T-Rex 2X Inverse NVIDIA Daily Target ETF by 323.7% in the 2nd quarter. Citadel Advisors LLC now owns 150,687 shares of the company’s stock valued at $1,798,000 after buying an additional 115,119 shares in the last quarter.

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.