Short Interest in Tradr 1.5X Short NVDA Daily ETF (NASDAQ:NVDS) Grows By 82.2%

Tradr 1.5X Short NVDA Daily ETF (NASDAQ:NVDS) was the target of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 288,957 shares, an increase of 82.2% from the July 30th total of 158,550 shares. Currently, 40.1% of the company’s shares are short sold. Based on an average daily volume of 290,159 shares, the short-interest ratio is presently 1.0 days.

Tradr 1.5X Short NVDA Daily ETF Stock Up 6.9%

NVDS traded up $1.24 during midday trading on Friday, hitting $19.15. 849,851 shares of the company were exchanged, compared to its average volume of 395,909. The firm’s 50 day moving average price is $21.26 and its 200-day moving average price is $23.61. Tradr 1.5X Short NVDA Daily ETF has a 1-year low of $17.56 and a 1-year high of $40.50. The firm has a market capitalization of $13.79 million, a P/E ratio of 31.94 and a beta of -2.42.

Hedge Funds Weigh In On Tradr 1.5X Short NVDA Daily ETF

An institutional investor recently bought a new position in Tradr 1.5X Short NVDA Daily ETF stock. JPMorgan Chase & Co. bought a new stake in shares of Tradr 1.5X Short NVDA Daily ETF (NASDAQ:NVDS) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,200 shares of the company’s stock, valued at approximately $147,000. JPMorgan Chase & Co. owned 0.23% of Tradr 1.5X Short NVDA Daily ETF as of its most recent filing with the Securities and Exchange Commission.

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.