Tradr 1.5X Short NVDA Daily ETF (NASDAQ:NVDS) Trading 1.5% Higher – Should You Buy?

Tradr 1.5X Short NVDA Daily ETF (NASDAQ:NVDS) shares were up 1.5% on Thursday . The company traded as high as $29.54 and last traded at $28.89. Approximately 270,876 shares changed hands during mid-day trading, a decline of 43% from the average daily volume of 477,686 shares. The stock had previously closed at $28.45.

Tradr 1.5X Short NVDA Daily ETF Stock Up 4.8%

The firm has a fifty day moving average of $27.96 and a 200-day moving average of $31.17. The stock has a market capitalization of $28.76 million, a price-to-earnings ratio of 31.94 and a beta of -2.58.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Tradr 1.5X Short NVDA Daily ETF stock. JPMorgan Chase & Co. acquired a new position in Tradr 1.5X Short NVDA Daily ETF (NASDAQ:NVDS) during the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 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 SEC filing.

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.