Short Interest in Tradr 1.5X Short NVDA Daily ETF (NASDAQ:NVDS) Rises By 424.1%

Tradr 1.5X Short NVDA Daily ETF (NASDAQ:NVDS) saw a large increase in short interest in March. As of March 15th, there was short interest totalling 202,300 shares, an increase of 424.1% from the February 28th total of 38,600 shares. Approximately 11.6% of the shares of the stock are sold short. Based on an average daily volume of 1,664,100 shares, the days-to-cover ratio is currently 0.1 days.

Tradr 1.5X Short NVDA Daily ETF Price Performance

NVDS stock traded up $0.47 during midday trading on Friday, reaching $28.72. The company had a trading volume of 883,147 shares, compared to its average volume of 1,661,451. Tradr 1.5X Short NVDA Daily ETF has a 1-year low of $20.68 and a 1-year high of $78.27. The stock has a 50 day moving average price of $25.30 and a 200-day moving average price of $27.86. The company has a market capitalization of $49.97 million, a price-to-earnings ratio of 46.82 and a beta of 4.19.

About Tradr 1.5X Short NVDA Daily ETF

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.