Tradr 1.5X Short NVDA Daily ETF (NASDAQ:NVDS) Short Interest Up 82.2% in August

Tradr 1.5X Short NVDA Daily ETF (NASDAQ:NVDSGet Free Report) was the recipient of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 288,957 shares, a growth of 82.2% from the July 30th total of 158,550 shares. Currently, 40.1% of the company’s shares are sold short. Based on an average daily volume of 290,159 shares, the short-interest ratio is currently 1.0 days.

Tradr 1.5X Short NVDA Daily ETF Price Performance

Shares of NVDS traded up $1.24 during trading hours on Friday, hitting $19.15. 849,851 shares of the stock were exchanged, compared to its average volume of 395,909. Tradr 1.5X Short NVDA Daily ETF has a fifty-two week low of $17.56 and a fifty-two week high of $40.50. The business has a 50-day moving average of $21.26 and a 200-day moving average of $23.61. The firm has a market capitalization of $13.79 million, a P/E ratio of 31.94 and a beta of -2.42.

Institutional Trading of Tradr 1.5X Short NVDA Daily ETF

An institutional investor recently bought a new stake in Tradr 1.5X Short NVDA Daily ETF stock. JPMorgan Chase & Co. purchased a new position in shares of Tradr 1.5X Short NVDA Daily ETF (NASDAQ:NVDSFree Report) in the second quarter, according to its most recent filing with the SEC. The firm purchased 10,200 shares of the company’s stock, valued at approximately $147,000. JPMorgan Chase & Co. owned 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

(Get Free Report)

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.

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