T-Rex 2X Long NVIDIA Daily Target ETF (BATS:NVDX) Stock Price Down 23.8% – Time to Sell?

T-Rex 2X Long NVIDIA Daily Target ETF (BATS:NVDX)’s share price dropped 23.8% on Tuesday . The company traded as low as $13.21 and last traded at $10.15. Approximately 6,900,428 shares changed hands during mid-day trading, a decline of 45% from the average daily volume of 12,522,114 shares. The stock had previously closed at $13.32.

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

The firm has a market capitalization of $661.35 million, a PE ratio of 34.52 and a beta of 5.00. The firm’s 50 day moving average price is $7.87 and its 200-day moving average price is $12.64.

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

An institutional investor recently raised its position in T-Rex 2X Long NVIDIA Daily Target ETF stock. SBI Securities Co. Ltd. lifted its stake in shares of T-Rex 2X Long NVIDIA Daily Target ETF (BATS:NVDX) by 4,864.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,895 shares of the company’s stock after purchasing an additional 55,749 shares during the period. SBI Securities Co. Ltd. owned about 0.09% of T-Rex 2X Long NVIDIA Daily Target ETF worth $443,000 as of its most recent filing with the Securities & Exchange Commission.

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

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.