Leverage Shares 2x Long NVDA Daily ETF (NASDAQ:NVDG) Sees Significant Increase in Short Interest

Leverage Shares 2x Long NVDA Daily ETF (NASDAQ:NVDG – Get Free Report) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 512,443 shares, an increase of 55.4% from the August 15th total of 329,731 shares. Based on an average daily volume of 288,410 shares, the days-to-cover ratio is presently 1.8 days. Approximately 20.9% of the company’s shares are sold short.

Leverage Shares 2x Long NVDA Daily ETF Price Performance

NASDAQ NVDG traded up $0.96 during mid-day trading on Thursday, reaching $19.39. 71,565 shares of the stock were exchanged, compared to its average volume of 327,418. Leverage Shares 2x Long NVDA Daily ETF has a one year low of $12.34 and a one year high of $25.34. The stock has a 50 day simple moving average of $18.94 and a 200-day simple moving average of $18.05.

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About Leverage Shares 2x Long NVDA Daily ETF

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The Leverage Shares 2X Long NVDA Daily ETF (NVDG) 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 stock, less fees, and expenses. NVDG was launched on Dec 13, 2024 and is issued by Leverage Shares.

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