T-Rex 2X Inverse NVIDIA Daily Target ETF (BATS:NVDQ) Sees Significant Increase in Short Interest

T-Rex 2X Inverse NVIDIA Daily Target ETF (BATS:NVDQ) was the recipient of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 706,128 shares, a growth of 339.6% from the April 30th total of 160,632 shares. Approximately 2.3% of the company’s stock are short sold. Based on an average daily volume of 7,070,529 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in T-Rex 2X Inverse NVIDIA Daily Target ETF stock. IMC Chicago LLC purchased a new stake in T-Rex 2X Inverse NVIDIA Daily Target ETF (BATS:NVDQ) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,976 shares of the company’s stock, valued at approximately $368,000. IMC Chicago LLC owned about 0.07% of T-Rex 2X Inverse NVIDIA Daily Target ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Shares of NVDQ opened at $10.96 on Friday. T-Rex 2X Inverse NVIDIA Daily Target ETF has a one year low of $9.07 and a one year high of $39.00. The stock has a 50-day moving average price of $13.70 and a 200 day moving average price of $15.88.

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

The T-Rex 2X Inverse NVIDIA Daily Target ETF (NVDQ) is an exchange-traded fund that mostly invests in information technology equity. The fund aims to provide (-2x) inverse exposure to the daily price movement of NVIDIA Corporation stock, less fees, and expenses. NVDQ was launched on Oct 18, 2023 and is issued by Tuttle Capital Management.