Tradr 1.5X Short NVDA Daily ETF (NASDAQ:NVDS) Shares Up 5.1% – Time to Buy?

Tradr 1.5X Short NVDA Daily ETF (NASDAQ:NVDS) rose 5.1% on Wednesday . The stock traded as high as $31.31 and last traded at $30.76. Approximately 453,165 shares traded hands during mid-day trading, an increase of 27% from the average daily volume of 358,069 shares. The stock had previously closed at $29.28.

Tradr 1.5X Short NVDA Daily ETF Stock Up 5.1%

The company has a 50-day moving average of $30.09 and a 200 day moving average of $33.00. The stock has a market capitalization of $30.45 million, a PE ratio of 31.94 and a beta of -2.58.

Institutional Investors 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. purchased a new position in Tradr 1.5X Short NVDA Daily ETF (NASDAQ:NVDS) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,200 shares of the company’s stock, valued at approximately $147,000. JPMorgan Chase & Co. owned approximately 0.23% of Tradr 1.5X Short NVDA Daily ETF at the end of the most recent quarter.

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.