T-Rex 2X Long NVIDIA Daily Target ETF (BATS:NVDX) Stock Breaks Above 200-Day Moving Average – Here’s Why

T-Rex 2X Long NVIDIA Daily Target ETF (BATS:NVDX) passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $18.08 and traded as high as $18.47. T-Rex 2X Long NVIDIA Daily Target ETF shares last traded at $18.19, with a volume of 1,891,229 shares trading hands.

T-Rex 2X Long NVIDIA Daily Target ETF Stock Performance

The company has a 50 day moving average of $19.64 and a 200 day moving average of $18.09. The stock has a market capitalization of $779.76 million, a price-to-earnings ratio of 42.82 and a beta of 5.00.

Hedge Funds Weigh In On T-Rex 2X Long NVIDIA Daily Target ETF

A hedge fund recently raised its stake in T-Rex 2X Long NVIDIA Daily Target ETF stock. Vestor Capital LLC boosted its holdings in shares of T-Rex 2X Long NVIDIA Daily Target ETF (BATS:NVDX) by 380.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,407 shares of the company’s stock after acquiring an additional 17,745 shares during the period. Vestor Capital LLC owned 0.05% of T-Rex 2X Long NVIDIA Daily Target ETF worth $312,000 at the end of the most recent reporting period.

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.