T-Rex 2X Long NVIDIA Daily Target ETF (BATS:NVDX) Trading 5.7% Higher – Time to Buy?

Shares of T-Rex 2X Long NVIDIA Daily Target ETF (BATS:NVDX) were up 5.7% during mid-day trading on Thursday . The stock traded as high as $14.23 and last traded at $14.08. Approximately 6,900,428 shares changed hands during mid-day trading, a decline of 49% from the average daily volume of 13,588,228 shares. The stock had previously closed at $13.32.

T-Rex 2X Long NVIDIA Daily Target ETF Stock Up 5.7%

The stock’s 50-day simple moving average is $10.20 and its 200 day simple moving average is $11.18. The firm has a market cap of $656.41 million, a P/E ratio of 42.82 and a beta of 5.00.

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

An institutional investor recently raised its position in T-Rex 2X Long NVIDIA Daily Target ETF stock. SBI Securities Co. Ltd. increased its stake in shares of T-Rex 2X Long NVIDIA Daily Target ETF (BATS:NVDX) by 4,864.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 56,895 shares of the company’s stock after acquiring an additional 55,749 shares during the quarter. SBI Securities Co. Ltd. owned approximately 0.09% of T-Rex 2X Long NVIDIA Daily Target ETF worth $443,000 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.