T-Rex 2X Long NVIDIA Daily Target ETF (BATS:NVDX) Trading Up 13.2% – Time to Buy?

T-Rex 2X Long NVIDIA Daily Target ETF (BATS:NVDX)’s share price shot up 13.2% during mid-day trading on Tuesday . The stock traded as high as $14.23 and last traded at $15.08. 6,900,428 shares traded hands during mid-day trading, The stock had previously closed at $13.32.

T-Rex 2X Long NVIDIA Daily Target ETF Stock Performance

The firm’s 50 day moving average is $16.43 and its 200 day moving average is $15.74.

Institutional Investors Weigh In On T-Rex 2X Long NVIDIA Daily Target ETF

A hedge fund recently raised its stake in T-Rex 2X Long NVIDIA Daily Target ETF stock. Vestor Capital LLC raised its stake in shares of T-Rex 2X Long NVIDIA Daily Target ETF (BATS:NVDX) by 900.0% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 22,670 shares of the company’s stock after acquiring an additional 20,403 shares during the period. Vestor Capital LLC owned approximately 0.54% of T-Rex 2X Long NVIDIA Daily Target ETF worth $320,000 as of its most recent SEC filing.

About T-Rex 2X Long NVIDIA Daily Target ETF

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.