T-Rex 2X Inverse NVIDIA Daily Target ETF (BATS:NVDQ) Short Interest Down 66.0% in April

T-Rex 2X Inverse NVIDIA Daily Target ETF (BATS:NVDQ) saw a significant drop in short interest in April. As of April 30th, there was short interest totaling 160,632 shares, a drop of 66.0% from the April 15th total of 473,101 shares. Based on an average daily volume of 4,683,456 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.5% of the company’s stock are short sold.

Hedge Funds Weigh In On T-Rex 2X Inverse NVIDIA Daily Target ETF

A hedge fund recently bought a new stake in T-Rex 2X Inverse NVIDIA Daily Target ETF stock. IMC Chicago LLC acquired a new position in shares of T-Rex 2X Inverse NVIDIA Daily Target ETF (BATS:NVDQ) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 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 & Exchange Commission.

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

Shares of T-Rex 2X Inverse NVIDIA Daily Target ETF stock opened at $9.14 on Friday. The company has a fifty day simple moving average of $14.86 and a 200-day simple moving average of $15.92. T-Rex 2X Inverse NVIDIA Daily Target ETF has a 12-month low of $9.07 and a 12-month high of $41.60.

About T-Rex 2X Inverse NVIDIA Daily Target ETF

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.