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

AXS 1.25X NVDA Bear Daily ETF (NASDAQ:NVDSGet Free Report) was the recipient of a significant drop in short interest in January. As of January 31st, there was short interest totalling 340,100 shares, a drop of 45.0% from the January 15th total of 618,300 shares. Based on an average daily trading volume, of 1,111,300 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of AXS 1.25X NVDA Bear Daily ETF

An institutional investor recently bought a new position in AXS 1.25X NVDA Bear Daily ETF stock. Flow Traders U.S. LLC purchased a new stake in shares of AXS 1.25X NVDA Bear Daily ETF (NASDAQ:NVDSFree Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 68,823 shares of the company’s stock, valued at approximately $1,105,000. Flow Traders U.S. LLC owned 1.19% of AXS 1.25X NVDA Bear Daily ETF as of its most recent filing with the SEC.

AXS 1.25X NVDA Bear Daily ETF Stock Down 0.2 %

NASDAQ:NVDS traded down $0.04 during trading hours on Monday, hitting $17.88. The company had a trading volume of 5,392,277 shares, compared to its average volume of 1,859,565. AXS 1.25X NVDA Bear Daily ETF has a 1 year low of $17.17 and a 1 year high of $122.60. The company has a 50-day moving average of $27.34 and a 200 day moving average of $33.18.

AXS 1.25X NVDA Bear Daily ETF Announces Dividend

The business also recently announced a dividend, which was paid on Friday, December 29th. Shareholders of record on Wednesday, December 27th were paid a $4.2717 dividend. The ex-dividend date of this dividend was Tuesday, December 26th.

AXS 1.25X NVDA Bear Daily ETF Company Profile

(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.

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