Short Interest in AXS 1.25X NVDA Bear Daily ETF (NASDAQ:NVDS) Decreases By 23.3%

AXS 1.25X NVDA Bear Daily ETF (NASDAQ:NVDS) was the target of a large drop in short interest in May. As of May 31st, there was short interest totalling 58,500 shares, a drop of 23.3% from the May 15th total of 76,300 shares. Based on an average daily trading volume, of 1,179,600 shares, the short-interest ratio is presently 0.0 days.

AXS 1.25X NVDA Bear Daily ETF Stock Down 2.4 %

Shares of AXS 1.25X NVDA Bear Daily ETF stock traded down $0.92 on Friday, reaching $37.44. The stock had a trading volume of 1,589,375 shares, compared to its average volume of 956,231. The company has a 50 day moving average price of $57.87 and a 200 day moving average price of $93.12. AXS 1.25X NVDA Bear Daily ETF has a 1 year low of $37.14 and a 1 year high of $225.50.

About AXS 1.25X NVDA Bear 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.