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

T-Rex 2X Inverse NVIDIA Daily Target ETF (BATS:NVDQ) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 853,806 shares, an increase of 175.4% from the August 15th total of 309,977 shares. Approximately 2.8% of the shares of the company are short sold. Based on an average daily trading volume, of 7,027,685 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

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

NVDQ opened at $9.01 on Friday. T-Rex 2X Inverse NVIDIA Daily Target ETF has a 12 month low of $7.82 and a 12 month high of $23.00. The stock’s 50 day moving average price is $10.04 and its 200 day moving average price is $12.32.

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.