T-Rex 2X Long NVIDIA Daily Target ETF (BATS:NVDX) Sets New 1-Year High – What’s Next?

T-Rex 2X Long NVIDIA Daily Target ETF (BATS:NVDX) hit a new 52-week high during trading on Thursday . The stock traded as high as $24.50 and last traded at $24.47, with a volume of 9914398 shares traded. The stock had previously closed at $22.57.

T-Rex 2X Long NVIDIA Daily Target ETF Trading Down 8.9%

The firm has a market capitalization of $967.25 million, a P/E ratio of 42.82 and a beta of 5.00. The company’s fifty day simple moving average is $16.95 and its 200 day simple moving average is $17.26.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Flow Traders U.S. LLC bought a new position in shares of T-Rex 2X Long NVIDIA Daily Target ETF in the 2nd quarter worth about $243,000. Bogart Wealth LLC bought a new position in shares of T-Rex 2X Long NVIDIA Daily Target ETF in the 4th quarter worth about $26,000. Hollencrest Capital Management bought a new position in shares of T-Rex 2X Long NVIDIA Daily Target ETF in the 4th quarter worth about $51,000. Finally, SBI Securities Co. Ltd. increased its stake in shares of T-Rex 2X Long NVIDIA Daily Target ETF by 13.0% in the 4th quarter. SBI Securities Co. Ltd. now owns 9,186 shares of the company’s stock worth $157,000 after acquiring an additional 1,055 shares in the last quarter.

About T-Rex 2X Long NVIDIA Daily Target ETF

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