Short Interest in Tradr 1.5X Short NVDA Daily ETF (NASDAQ:NVDS) Decreases By 84.5%

Tradr 1.5X Short NVDA Daily ETF (NASDAQ:NVDS) was the recipient of a significant drop in short interest in February. As of February 28th, there was short interest totalling 38,600 shares, a drop of 84.5% from the February 13th total of 249,500 shares. Based on an average daily volume of 1,648,800 shares, the days-to-cover ratio is currently 0.0 days. Approximately 2.1% of the shares of the stock are sold short.

Tradr 1.5X Short NVDA Daily ETF Trading Down 9.6 %

NVDS traded down $2.87 on Wednesday, hitting $27.09. 1,760,425 shares of the company’s stock traded hands, compared to its average volume of 1,678,292. The company’s 50 day simple moving average is $24.77 and its 200-day simple moving average is $28.79. Tradr 1.5X Short NVDA Daily ETF has a one year low of $20.68 and a one year high of $78.27. The firm has a market cap of $49.57 million, a price-to-earnings ratio of 48.65 and a beta of -2.43.

Tradr 1.5X Short NVDA Daily ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were given a dividend of $3.5859 per share. The ex-dividend date was Monday, December 23rd.

Tradr 1.5X Short NVDA Daily ETF Company Profile

The AXS 1.25X NVDA Bear Daily ETF (NVDS) is an exchange-traded fund that is based on the NVIDIA Corporation index. The fund provides inverse (-1.25x) exposure, less fees and expenses, to the daily price movement for shares of Nvidia stock. NVDS was launched on Jul 14, 2022 and is managed by AXS Investments.