T-Rex 2X Long NVIDIA Daily Target ETF (BATS:NVDX) Shares Down 8.7% – Here’s Why

T-Rex 2X Long NVIDIA Daily Target ETF (BATS:NVDXGet Free Report)’s share price fell 8.7% during mid-day trading on Friday . The stock traded as low as $14.64 and last traded at $14.73. 19,322,199 shares were traded during mid-day trading, an increase of 66% from the average session volume of 11,626,690 shares. The stock had previously closed at $16.13.

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

The stock has a market cap of $636.34 million, a P/E ratio of 42.82 and a beta of 5.00. The company has a fifty day moving average of $16.88 and a 200 day moving average of $17.63.

T-Rex 2X Long NVIDIA Daily Target ETF Dividend Announcement

The company also recently disclosed an annual dividend, which was paid on Friday, December 26th. Stockholders of record on Wednesday, December 24th were issued a $0.5735 dividend. The ex-dividend date was Wednesday, December 24th. This represents a dividend yield of 327.0%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Flow Traders U.S. LLC bought a new stake in T-Rex 2X Long NVIDIA Daily Target ETF in the second quarter worth about $243,000. Bogart Wealth LLC acquired a new position in shares of T-Rex 2X Long NVIDIA Daily Target ETF in the 4th quarter worth approximately $26,000. SBI Securities Co. Ltd. raised its holdings in shares of T-Rex 2X Long NVIDIA Daily Target ETF by 13.0% in the 4th quarter. SBI Securities Co. Ltd. now owns 9,186 shares of the company’s stock worth $157,000 after purchasing an additional 1,055 shares in the last quarter. Finally, Hollencrest Capital Management bought a new stake in shares of T-Rex 2X Long NVIDIA Daily Target ETF in the 4th quarter worth approximately $51,000.

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

(Get Free Report)

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.

Further Reading

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