Tradr 1.5X Short NVDA Daily ETF (NASDAQ:NVDS) Short Interest Up 424.1% in March

Tradr 1.5X Short NVDA Daily ETF (NASDAQ:NVDS) was the recipient of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 202,300 shares, an increase of 424.1% from the February 28th total of 38,600 shares. Based on an average daily volume of 1,664,100 shares, the days-to-cover ratio is presently 0.1 days. Currently, 11.6% of the company’s stock are short sold.

Tradr 1.5X Short NVDA Daily ETF Price Performance

Shares of NVDS traded up $0.31 during midday trading on Thursday, reaching $27.73. 938,567 shares of the stock were exchanged, compared to its average volume of 1,660,318. The company has a market capitalization of $36.88 million, a price-to-earnings ratio of 46.82 and a beta of -2.43. Tradr 1.5X Short NVDA Daily ETF has a twelve month low of $20.68 and a twelve month high of $78.27. The business’s 50-day moving average price is $25.24 and its 200 day moving average price is $27.86.

Tradr 1.5X Short NVDA Daily ETF Company Profile

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.