Tradr 1.5X Short NVDA Daily ETF (NVDS)
Tradr 1.5X Short NVDA Daily ETF operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $18.68, down 4.50% on the session, giving a market capitalisation of $22.2M. Its beta of -2.29 implies it has historically moved less than the broad market.
This actively managed Exchange Traded Fund (ETF) aims to deliver, on a daily basis and prior to any charges or expenses, a return that is negative 125% of NVIDIA (NVDA) stock's daily performance. Its primary method for achieving this objective is through entering into one or more daily swap contracts linked to NVDA. It is paramount to note that this performance target is strictly for a single trading day and is not intended to apply to any periods exceeding one day. In typical market environments, the fund's manager commits a minimum of 80% of its assets to financial instruments engineered to provide this inverse 1.25x leveraged exposure to NVDA's daily fluctuations. The fund operates with a concentrated, non-diversified investment approach.
Tradr 1.5X Short NVDA Daily ETF is most often compared with the following Financial Services names: