T-Rex 2X Long NVIDIA Daily Target ETF (BATS:NVDX) Trading Down 8.7% – Here’s Why

T-Rex 2X Long NVIDIA Daily Target ETF (BATS:NVDXGet Free Report)’s stock price dropped 8.7% during trading on Friday . The stock traded as low as $14.64 and last traded at $14.73. Approximately 19,322,199 shares traded hands during mid-day trading, an increase of 66% from the average daily volume of 11,626,690 shares. The stock had previously closed at $16.13.

T-Rex 2X Long NVIDIA Daily Target ETF Stock Performance

The firm has a fifty day simple moving average of $16.88 and a 200-day simple moving average of $17.64. The company has a market capitalization of $636.34 million, a PE ratio of 42.82 and a beta of 5.00.

T-Rex 2X Long NVIDIA Daily Target ETF Dividend Announcement

The business also recently declared an annual dividend, which was paid on Friday, December 26th. Investors of record on Wednesday, December 24th were paid a $0.5735 dividend. This represents a dividend yield of 327.0%. The ex-dividend date was Wednesday, December 24th.

Institutional Inflows and Outflows

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

About T-Rex 2X Long NVIDIA Daily Target ETF

(Get Free Report)

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.

Further Reading

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