Tradr 1.5X Short NVDA Daily ETF (NASDAQ:NVDS) Shares Up 8.1% – Here’s Why

Tradr 1.5X Short NVDA Daily ETF (NASDAQ:NVDS) was up 8.1% during trading on Thursday . The company traded as high as $27.72 and last traded at $27.61. Approximately 910,619 shares traded hands during mid-day trading, an increase of 120% from the average daily volume of 413,234 shares. The stock had previously closed at $25.54.

Tradr 1.5X Short NVDA Daily ETF Price Performance

The company has a market cap of $27.87 million, a price-to-earnings ratio of 31.94 and a beta of -2.58. The business’s 50-day simple moving average is $27.90 and its 200-day simple moving average is $31.95.

Institutional Investors Weigh In On Tradr 1.5X Short NVDA Daily ETF

An institutional investor recently bought a new position in Tradr 1.5X Short NVDA Daily ETF stock. JPMorgan Chase & Co. purchased a new position in shares of Tradr 1.5X Short NVDA Daily ETF (NASDAQ:NVDS) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,200 shares of the company’s stock, valued at approximately $147,000. JPMorgan Chase & Co. owned approximately 0.23% of Tradr 1.5X Short NVDA Daily ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

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.