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

Tradr 1.5X Short NVDA Daily ETF (NASDAQ:NVDS) was the target of a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 59,400 shares, a decrease of 70.6% from the March 15th total of 202,300 shares. Based on an average daily volume of 1,767,100 shares, the short-interest ratio is currently 0.0 days. Currently, 5.7% of the shares of the stock are short sold.

Tradr 1.5X Short NVDA Daily ETF Price Performance

Shares of NVDS stock traded down $0.90 during trading hours on Tuesday, hitting $24.86. The stock had a trading volume of 403,822 shares, compared to its average volume of 1,692,143. The stock has a market capitalization of $26.10 million, a price-to-earnings ratio of 32.36 and a beta of -2.54. Tradr 1.5X Short NVDA Daily ETF has a one year low of $20.68 and a one year high of $78.27. The stock’s 50-day moving average price is $26.53 and its two-hundred day moving average price is $27.01.

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.