T-Rex 2X Long NVIDIA Daily Target ETF (BATS:NVDX) Trading Up 3% – Here’s What Happened

T-Rex 2X Long NVIDIA Daily Target ETF (BATS:NVDX) shot up 3% during trading on Monday . The company traded as high as $14.71 and last traded at $14.27. 26,748,460 shares changed hands during trading, an increase of 96% from the average session volume of 13,662,209 shares. The stock had previously closed at $13.86.

T-Rex 2X Long NVIDIA Daily Target ETF Trading Up 3.0%

The company has a market capitalization of $616.46 million, a PE ratio of 42.82 and a beta of 5.00. The stock’s fifty day moving average is $16.21 and its two-hundred day moving average is $17.35.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bogart Wealth LLC bought a new position in shares of T-Rex 2X Long NVIDIA Daily Target ETF during the 4th quarter valued at approximately $26,000. Hollencrest Capital Management purchased a new stake in shares of T-Rex 2X Long NVIDIA Daily Target ETF during the 4th quarter worth approximately $51,000. SBI Securities Co. Ltd. raised its holdings in shares of T-Rex 2X Long NVIDIA Daily Target ETF by 13.0% in the 4th quarter. SBI Securities Co. Ltd. now owns 9,186 shares of the company’s stock worth $157,000 after purchasing an additional 1,055 shares during the period. Finally, 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 approximately $243,000.

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.