T-Rex 2X Long NVIDIA Daily Target ETF (BATS:NVDX) Trading Down 40.5% – Time to Sell?

T-Rex 2X Long NVIDIA Daily Target ETF (BATS:NVDX)’s stock price traded down 40.5% during mid-day trading on Friday . The company traded as low as $13.21 and last traded at $7.93. 6,900,428 shares changed hands during trading, a decline of 37% from the average session volume of 11,018,495 shares. The stock had previously closed at $13.32.

T-Rex 2X Long NVIDIA Daily Target ETF Stock Down 40.5 %

The firm has a 50-day simple moving average of $11.05 and a 200 day simple moving average of $14.53. The company has a market cap of $460.48 million, a price-to-earnings ratio of 36.42 and a beta of 5.00.

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

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.