T-Rex 2X Long NVIDIA Daily Target ETF (BATS:NVDX) Hits New 12-Month High – Should You Buy?

T-Rex 2X Long NVIDIA Daily Target ETF (BATS:NVDX)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $24.50 and last traded at $24.47, with a volume of 9914398 shares traded. The stock had previously closed at $22.57.

T-Rex 2X Long NVIDIA Daily Target ETF Stock Up 8.2%

The business has a 50-day moving average price of $16.63 and a 200-day moving average price of $17.19. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of 42.82 and a beta of 5.00.

Institutional Investors Weigh In On T-Rex 2X Long NVIDIA Daily Target ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Bogart Wealth LLC acquired a new stake in shares of T-Rex 2X Long NVIDIA Daily Target ETF during the fourth quarter worth $26,000. Hollencrest Capital Management purchased a new position in shares of T-Rex 2X Long NVIDIA Daily Target ETF during the fourth quarter valued at $51,000. SBI Securities Co. Ltd. grew its holdings in shares of T-Rex 2X Long NVIDIA Daily Target ETF by 13.0% during the fourth quarter. SBI Securities Co. Ltd. now owns 9,186 shares of the company’s stock valued at $157,000 after buying an additional 1,055 shares in the last quarter. Finally, Flow Traders U.S. LLC purchased a new position in shares of T-Rex 2X Long NVIDIA Daily Target ETF during the second quarter valued at $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.