T-Rex 2X Inverse NVIDIA Daily Target ETF (BATS:NVDQ) Short Interest Update

T-Rex 2X Inverse NVIDIA Daily Target ETF (BATS:NVDQ) saw a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 706,128 shares, a growth of 339.6% from the April 30th total of 160,632 shares. Currently, 2.3% of the company’s shares are short sold. Based on an average trading volume of 7,070,529 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

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

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

NVDQ traded up $0.32 on Friday, hitting $11.28. 11,901,141 shares of the company were exchanged, compared to its average volume of 3,814,526. The firm has a fifty day simple moving average of $13.59 and a two-hundred day simple moving average of $15.85. T-Rex 2X Inverse NVIDIA Daily Target ETF has a 12 month low of $9.07 and a 12 month high of $39.00.

T-Rex 2X Inverse NVIDIA Daily Target ETF Company Profile

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.