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) saw a large decline in short interest in May. As of May 29th, there was short interest totaling 4,268,317 shares, a decline of 38.8% from the May 14th total of 6,976,011 shares. Approximately 9.9% of the company’s stock are sold short. Based on an average daily volume of 11,692,264 shares, the short-interest ratio is presently 0.4 days.

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

Shares of T-Rex 2X Long NVIDIA Daily Target ETF stock opened at $18.13 on Monday. The stock has a market cap of $783.22 million, a price-to-earnings ratio of 42.82 and a beta of 5.00. The firm’s 50-day moving average is $19.08 and its 200 day moving average is $17.29. T-Rex 2X Long NVIDIA Daily Target ETF has a 1 year low of $11.70 and a 1 year high of $24.72.

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

Several hedge funds and other institutional investors have recently bought and sold shares of NVDX. Vestor Capital LLC lifted its stake in 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 acquiring an additional 17,745 shares during the period. Flow Traders U.S. LLC bought a new position in T-Rex 2X Long NVIDIA Daily Target ETF during the 2nd quarter valued at about $243,000. Hollencrest Capital Management bought a new position in T-Rex 2X Long NVIDIA Daily Target ETF during the 4th quarter valued at about $51,000. Bogart Wealth LLC bought a new position in T-Rex 2X Long NVIDIA Daily Target ETF during the 4th quarter valued at about $26,000. Finally, SBI Securities Co. Ltd. lifted its stake in 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 acquiring an additional 1,055 shares during the period.

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.