AXS 1.25X NVDA Bear Daily ETF (NASDAQ:NVDS) Sees Significant Decrease in Short Interest

Posted by Xavier Holt on May 11th, 2024

AXS 1.25X NVDA Bear Daily ETF (NASDAQ:NVDS – Get Free Report) was the recipient of a significant decline in short interest during the month of April. As of April 30th, there was short interest totalling 83,900 shares, a decline of 57.6% from the April 15th total of 197,800 shares. Based on an average trading volume of 1,039,100 shares, the short-interest ratio is currently 0.1 days.

AXS 1.25X NVDA Bear Daily ETF Stock Down 1.5 %

NASDAQ NVDS traded down $0.97 during trading on Friday, hitting $62.22. 372,225 shares of the company’s stock were exchanged, compared to its average volume of 834,237. The stock’s 50 day moving average price is $65.85 and its two-hundred day moving average price is $116.49. AXS 1.25X NVDA Bear Daily ETF has a fifty-two week low of $58.66 and a fifty-two week high of $393.25.

About AXS 1.25X NVDA Bear Daily ETF

(Get Free Report)

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.