Tradr 1.5X Short NVDA Daily ETF (NASDAQ:NVDS) Trading 1.5% Higher – Time to Buy?

Shares of Tradr 1.5X Short NVDA Daily ETF (NASDAQ:NVDS) were up 1.5% during trading on Thursday . The stock traded as high as $29.54 and last traded at $28.89. Approximately 270,876 shares changed hands during trading, a decline of 43% from the average daily volume of 477,686 shares. The stock had previously closed at $28.45.

Tradr 1.5X Short NVDA Daily ETF Stock Performance

The company has a market cap of $27.45 million, a PE ratio of 31.94 and a beta of -2.58. The business’s 50-day moving average is $27.92 and its 200 day moving average is $31.22.

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. acquired a new stake in shares of Tradr 1.5X Short NVDA Daily ETF (NASDAQ:NVDS) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,200 shares of the company’s stock, valued at approximately $147,000. JPMorgan Chase & Co. owned about 0.23% of Tradr 1.5X Short NVDA Daily ETF at the end of the most recent quarter.

Tradr 1.5X Short NVDA Daily ETF Company Profile

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.