Tradr 1.5X Short NVDA Daily ETF (NASDAQ:NVDS) Sees Large Growth in Short Interest

Tradr 1.5X Short NVDA Daily ETF (NASDAQ:NVDS) was the recipient of a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 249,500 shares, a growth of 40.3% from the January 31st total of 177,800 shares. Based on an average daily volume of 1,472,800 shares, the short-interest ratio is currently 0.2 days.

Tradr 1.5X Short NVDA Daily ETF Trading Up 13.4 %

Tradr 1.5X Short NVDA Daily ETF stock traded up $3.33 during midday trading on Monday, reaching $28.21. 3,327,748 shares of the stock traded hands, compared to its average volume of 1,671,358. The firm has a fifty day moving average price of $24.23 and a two-hundred day moving average price of $29.04. The firm has a market cap of $49.09 million, a price-to-earnings ratio of 37.60 and a beta of 4.19. Tradr 1.5X Short NVDA Daily ETF has a fifty-two week low of $20.68 and a fifty-two week high of $78.27.

Tradr 1.5X Short NVDA Daily ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were paid a $3.5859 dividend. The ex-dividend date was Monday, December 23rd.

About Tradr 1.5X Short NVDA Daily ETF

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.