T-Rex 2X Long NVIDIA Daily Target ETF (BATS:NVDX) Hits New 52-Week Low – What’s Next?

T-Rex 2X Long NVIDIA Daily Target ETF (BATS:NVDX)’s share price reached a new 52-week low during mid-day trading on Monday. The company traded as low as $10.96 and last traded at $12.0190, with a volume of 3,642,656 shares. The stock had previously closed at $13.30.

T-Rex 2X Long NVIDIA Daily Target ETF Stock Down 11.0%

The stock’s 50-day moving average price is $18.84 and its 200 day moving average price is $18.00. The firm has a market capitalization of $466.99 million, a price-to-earnings ratio of 42.82 and a beta of 5.00.

Institutional Inflows and Outflows

An institutional investor recently raised its position in T-Rex 2X Long NVIDIA Daily Target ETF stock. Vestor Capital LLC increased its position in shares of T-Rex 2X Long NVIDIA Daily Target ETF (BATS:NVDX) by 380.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,407 shares of the company’s stock after purchasing an additional 17,745 shares during the period. Vestor Capital LLC owned 0.05% of T-Rex 2X Long NVIDIA Daily Target ETF worth $312,000 at the end of the most recent 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.