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

Tradr 1.5X Short NVDA Daily ETF (NASDAQ:NVDS) was the target of a significant increase in short interest in 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. Approximately 11.6% of the company’s shares are short sold. Based on an average trading volume of 1,664,100 shares, the days-to-cover ratio is currently 0.1 days.

Tradr 1.5X Short NVDA Daily ETF Price Performance

Shares of Tradr 1.5X Short NVDA Daily ETF stock traded up $2.17 during trading on Wednesday, hitting $27.42. The stock had a trading volume of 1,490,190 shares, compared to its average volume of 1,663,088. The stock has a market cap of $36.47 million, a PE ratio of 46.82 and a beta of -2.43. Tradr 1.5X Short NVDA Daily ETF has a 12 month low of $20.68 and a 12 month high of $78.27. The firm’s fifty day simple moving average is $25.24 and its 200-day simple moving average is $27.86.

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.