T-Rex 2X Inverse NVIDIA Daily Target ETF (BATS:NVDQ) Stock Crosses Above 200 Day Moving Average – What’s Next?

T-Rex 2X Inverse NVIDIA Daily Target ETF (BATS:NVDQ) shares crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $12.14 and traded as high as $12.23. T-Rex 2X Inverse NVIDIA Daily Target ETF shares last traded at $12.21, with a volume of 12,073,467 shares changing hands.

T-Rex 2X Inverse NVIDIA Daily Target ETF Stock Up 18.4%

The business’s fifty day moving average is $8.76 and its two-hundred day moving average is $12.14.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. IMC Chicago LLC bought a new stake in shares of T-Rex 2X Inverse NVIDIA Daily Target ETF during the first quarter worth $368,000. StoneX Group Inc. acquired a new position in shares of T-Rex 2X Inverse NVIDIA Daily Target ETF during the third quarter valued at $626,000. Finally, Citadel Advisors LLC lifted its stake in shares of T-Rex 2X Inverse NVIDIA Daily Target ETF by 323.7% during the second quarter. Citadel Advisors LLC now owns 150,687 shares of the company’s stock valued at $1,798,000 after acquiring an additional 115,119 shares during the period.

T-Rex 2X Inverse NVIDIA Daily Target ETF Company Profile

The T-Rex 2X Inverse NVIDIA Daily Target ETF (NVDQ) is an exchange-traded fund that mostly invests in information technology equity. The fund aims to provide (-2x) inverse exposure to the daily price movement of NVIDIA Corporation stock, less fees, and expenses. NVDQ was launched on Oct 18, 2023 and is issued by Tuttle Capital Management.