Tradr 1.5X Short NVDA Daily ETF (NASDAQ:NVDS) Short Interest Update

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

Tradr 1.5X Short NVDA Daily ETF Trading Down 3.5 %

NASDAQ:NVDS traded down $0.90 during midday trading on Tuesday, hitting $24.86. 403,822 shares of the company traded hands, compared to its average volume of 1,692,143. The firm has a market capitalization of $26.10 million, a P/E ratio of 32.36 and a beta of -2.54. The firm’s fifty day moving average is $26.53 and its 200-day moving average is $27.01. Tradr 1.5X Short NVDA Daily ETF has a 12-month low of $20.68 and a 12-month high of $78.27.

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.