T-Rex 2X Long NVIDIA Daily Target ETF (BATS:NVDX) Short Interest Down 38.8% in May

T-Rex 2X Long NVIDIA Daily Target ETF (BATS:NVDX) was the target of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 4,268,317 shares, a decrease of 38.8% from the May 14th total of 6,976,011 shares. Approximately 9.9% of the shares of the company are sold short. Based on an average trading volume of 11,692,264 shares, the short-interest ratio is presently 0.4 days.

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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vestor Capital LLC increased its position in shares of T-Rex 2X Long NVIDIA Daily Target ETF by 380.6% during the 1st quarter. Vestor Capital LLC now owns 22,407 shares of the company’s stock valued at $312,000 after purchasing an additional 17,745 shares during the last quarter. Flow Traders U.S. LLC purchased a new stake in shares of T-Rex 2X Long NVIDIA Daily Target ETF during the 2nd quarter valued at about $243,000. Hollencrest Capital Management purchased a new stake in shares of T-Rex 2X Long NVIDIA Daily Target ETF during the 4th quarter valued at about $51,000. Bogart Wealth LLC purchased a new stake in shares of T-Rex 2X Long NVIDIA Daily Target ETF during the 4th quarter valued at about $26,000. Finally, SBI Securities Co. Ltd. increased its position in shares of T-Rex 2X Long NVIDIA Daily Target ETF by 13.0% during the 4th 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 during the last quarter.

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

NVDX opened at $18.13 on Monday. The stock has a market capitalization of $783.22 million, a P/E ratio of 42.82 and a beta of 5.00. The company’s 50-day simple moving average is $19.08 and its two-hundred day simple moving average is $17.29. T-Rex 2X Long NVIDIA Daily Target ETF has a 52-week low of $11.70 and a 52-week high of $24.72.

About T-Rex 2X Long NVIDIA Daily Target ETF

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.