nvds stock NVDS ETF Guide

NVDS (Tradr 1.5X Short NVDA Daily ETF)

nvds stock is covered in this guide to help traders and investors understand the NVDS ETF: what it seeks to deliver, how its leveraged inverse exposure works on a daily basis, the main risks and use cases, and where to find up‑to‑date issuer and data documents. This article is written for clarity and practical use, with emphasis on short‑term trading and hedging practices and how the product differs from a buy‑and‑hold security.

Overview

nvds stock (ticker: NVDS) is an exchange‑traded fund listed on NASDAQ that seeks leveraged inverse exposure to shares of Nvidia Corporation (NVDA) on a daily basis. The fund is designed to provide approximately −1.50× the daily performance of NVDA (before fees and expenses). NVDS is intended primarily as a short‑term trading or hedging tool rather than a long‑term investment due to daily resets, path dependency, and compounding effects.

As of January 25, 2026, according to issuer materials and publicly filed prospectus summaries, NVDS remains structured as a single‑stock leveraged inverse ETF aimed at sophisticated traders and tactical users who monitor positions actively.

Investment objective and strategy

The stated objective of the NVDS ETF is to seek daily investment results that correspond to approximately −1.50× the daily performance of Nvidia Corporation’s common stock, before fees and expenses. Key aspects of this objective and how the strategy is implemented:

• Targeted daily leverage: NVDS targets −1.50× the single‑day return of NVDA. That means if NVDA falls 1% in a trading day, NVDS aims to rise approximately 1.5% that same day (before fees, expenses and tracking error).
• Daily reset: The fund is designed and rebalanced to achieve its target multiple on a one‑day basis. Each day the fund adjusts exposure to re‑establish the −1.50× target for the next trading day.
• Short‑term orientation: Because the leverage target applies to daily returns, the fund is intended for traders seeking intraday to short‑term exposure or a hedge against daily NVDA moves, not for passive longer‑term holdings.

Daily reset and compounding effects

The daily reset mechanism means the fund rebalances exposure at the close of each trading day (or according to the fund’s stated rebalancing policy) to maintain the targeted daily multiplier. Two important practical consequences follow:

• Path dependency: Multi‑day returns for NVDS will depend on the sequence of daily NVDA moves, not just the net change over the period. A volatile series of daily moves can produce very different multi‑day NVDS returns compared with a single cumulative move of the same magnitude.
• Compounding and volatility drag: In trending markets with consistent direction, compounded daily returns may approximate the target multiple over short spans. In choppy or volatile markets, however, compounding can cause long‑period performance for NVDS to diverge materially from −1.5× the cumulative NVDA return. Volatility drag can erode returns for leveraged funds when prices swing up and down.

These effects make NVDS particularly sensitive to holding period and intra‑period volatility — the longer and more volatile the holding period, the greater the potential divergence from the straightforward −1.5× multiple of cumulative NVDA returns.

Implementation instruments

To deliver inverse leveraged exposure to a single stock, funds like NVDS typically use a combination of derivatives and financing arrangements. Common instruments and practices include:

• Total return swaps and equity swaps that deliver the return of NVDA (positive or negative) less any financing or fees.
• Over‑the‑counter (OTC) swaps with counterparties such as banks or broker‑dealers.
• Futures and options positions where suitable single‑stock instruments are available and liquid.
• Short sale exposure to the underlying stock combined with cash and secured financing.
• Contracts for difference (CFDs) or similar derivatives in some jurisdictions.
• Cash holdings to meet margin, collateral, and liquidity requirements.

As disclosed in prospectus‑level summaries, NVDS obtains its inverse leveraged exposure primarily via derivative contracts and short exposures, with counterparty relationships and collateral arrangements used to manage financing and margin. These instruments introduce derivative and counterparty risk in addition to the market risk associated with NVDA itself.

Fund history and branding

NVDS launched in mid‑July 2022 as a single‑stock leveraged inverse ETF focused on NVDA. The fund has undergone branding and advisory changes since inception:

• Inception: mid‑July 2022 (prospectus and issuer filings list the specific trust effective date and start of operations).
• Branding and advisory evolution: The product was previously marketed under AXS branding with advisory involvement from AXS Investments. Subsequent rebranding placed the product under the Tradr label, and SR Partners are noted in issuer summaries for distribution or management roles.
• Product adjustments: Over time the issuer has published press releases and regulatory filings that describe branding updates and occasional product details or clarifications about leverage targeting and operational design. Such announcements are part of the public record in SEC filings and issuer press releases.

As of January 25, 2026, according to issuer press materials and public filings, NVDS continues to operate with the stated daily leverage objective and the Tradr brand while maintaining disclosure of past advisory relationships with AXS Investments.

Management, provider, and structure

• Issuer/brand: The fund is currently offered under the Tradr branding, with SR Partners referenced in issuer documentation for management or administrative services. AXS Investments has been involved historically in advisory or marketing roles at launch.
• Fund structure: NVDS is an open‑ended exchange‑traded fund (ETF) registered under the Investment Company Act. The ETF structure enables share creation and redemption by authorized participants in large blocks (creation units) and intraday secondary market trading by retail and institutional investors.
• Administrative details: The fund maintains a CUSIP and other identifying administrative codes as shown in prospectus and exchange listings. For the most up‑to‑date administrative identifiers, see the issuer prospectus and NASDAQ listing data.
• Intended investor audience: NVDS is aimed at sophisticated traders, institutional users and short‑term tactical investors who understand leveraged and inverse products, can monitor positions actively, and accept heightened volatility and compounding risk.

Key fund facts and statistics

Readers typically expect a concise factsheet. Typical facts and where to confirm them include:

• Ticker: NVDS (NASDAQ).
• Exchange listing: NASDAQ (verify via exchange quotes).
• Inception date: July 2022 (prospectus shows exact effective/inception date in mid‑July 2022).
• Stated leverage objective: −1.50× daily performance of NVDA (before fees and expenses).
• Net expense ratio: Around 1.15% as reported in issuer documents at launch and in prospectus summaries (consult the latest prospectus supplement for the precise current net expense ratio and any fee changes).
• Assets under management (AUM): Reported AUM varies by data provider and market flows; consult up‑to‑date issuer reports, ETF data providers, and the fund’s regulatory filings for current AUM figures as of a specific date.
• Share/volume characteristics: Liquidity can vary; NVDS may experience lower natural liquidity relative to ETF families tied to broad indices. Look at intraday volume, average daily share volume and spreads to assess tradability.

As of January 25, 2026, according to Nasdaq listing data and issuer materials, these core fund facts remain available in public prospectuses and exchange summaries. Always confirm the latest figures before trading NVDS or using it for hedging.

Holdings and portfolio composition

NVDS is a single‑stock focused ETF whose economic exposure is effectively to NVDA through derivative contracts and short positions rather than direct diversified equity holdings. Typical components of the fund’s reported holdings may include:

• Derivative contracts (swaps, options-like exposures) that provide inverse daily exposure to NVDA.
• Cash and cash‑equivalents used for collateral and to meet margin and payment obligations.
• Receivables/payables related to swap settlements and counterparty positions.

Because NVDS relies on derivatives and short exposures, its reported “holdings” on a statement of assets will reflect these instruments and counterparty balances rather than a basket of equities. Investors seeking the precise daily holdings table should consult the issuer’s daily holdings disclosures and the fund’s website or regulatory filings.

Performance and distributions

Reading NVDS performance requires care because the fund targets a daily multiple, not a multi‑day or buy‑and‑hold multiple. Practical guidance:

• Daily performance: Compare NVDS daily returns to −1.50× the daily return of NVDA to evaluate tracking for a given trading day. Small differences arise from fees, transaction costs, financing and tracking error.
• Multi‑day performance: Over multiple days, NVDS returns will be path dependent due to compounding. Volatility and the sequence of gains and losses can produce large deviations from −1.50× of NVDA’s cumulative return.
• Historical examples: On days with sharp NVDA declines, NVDS may post outsized gains consistent with its −1.50× target. Over weeks of choppy trading in NVDA, NVDS can underperform or overperform the simple multiple depending on the sequence of returns.
• Distributions: NVDS has historically made distributions reported by data providers and the issuer. Distributions reflect realized gains or losses and are not necessarily recurring income streams. The character of distributions (ordinary income, capital gains) depends on the fund’s realized taxable events and accounting; consult the fund’s distribution history and year‑end tax reporting.

As of January 25, 2026, according to issuer distribution notices and ETF data providers, NVDS has recorded distributions in certain reporting periods. Investors should examine the fund’s distribution history and the tax information section of the prospectus for treatment and frequency of payments.

Risks and suitability

NVDS carries multiple important risks. The principal risks and suitability considerations include:

• Leverage risk: Targeting −1.50× daily exposure magnifies both gains and losses on a daily basis.
• Tracking error and path dependency: Daily resets mean multi‑day performance can diverge from −1.5× cumulative NVDA returns.
• Volatility drag and compounding: High volatility can erode long‑period returns even if the underlying ends near its starting price.
• Derivative and counterparty risk: The fund’s use of swaps and OTC instruments exposes it to the credit and operational risk of counterparties.
• Short exposure and financing risk: Short positions and financing arrangements introduce margin and borrowing risks that can change costs or availability.
• Liquidity and market‑impact risk: Smaller single‑stock leveraged ETFs may have wider spreads and lower natural liquidity, increasing execution costs.
• Potential for significant loss: Holding NVDS for extended periods can produce large losses, including total loss of capital in extreme scenarios if NVDA moves strongly against the fund over a short time.
• Regulatory and structural risk: Leveraged and single‑stock ETFs have drawn regulatory scrutiny and additional disclosure expectations; policy changes or regulatory actions could affect operations.

NVDS is suitable primarily for experienced and active traders who understand leveraged inverse exposure, can monitor positions closely, and use the ETF for intraday or short‑term tactical purposes. It is generally unsuitable as a long‑term buy‑and‑hold instrument for most investors.

How investors commonly use NVDS

Common use cases for NVDS include:

• Short‑term bearish exposure to NVDA without borrowing shares directly.
• Tactical hedging for portfolios with NVDA exposure or concentrated semiconductor positions.
• Intraday and swing trading using NVDS for leverage in bearish directional strategies.
• Quick market pivots: traders may use NVDS to express a negative view on NVDA for a day or a few days while avoiding the mechanics of shorting the underlying.

Investors should not treat NVDS as a plain short of NVDA over long periods; the daily leverage design makes it a tactical instrument rather than a straightforward replacement for a short sale or long‑dated put option.

Trading information

Practical trading details to consider before placing orders in NVDS:

• Ticker symbol: NVDS, listed on NASDAQ. Verify trading hours and market session availability via your trading platform.
• Availability of options: Option chains on NVDS may exist in some platforms, but liquidity can be limited; confirm availability and open interest through your broker or market data provider.
• Bid/ask spreads and liquidity: Single‑stock leveraged ETFs can display wider bid/ask spreads and variable volume. Monitor average daily volume and typical intraday spreads prior to trading.
• Premium/discount to NAV: Like other ETFs, NVDS can trade at a premium or discount to its indicative intraday NAV (iNAV). For leveraged single‑stock ETFs, divergence between market price and NAV can occur; authorized participant creation/redemption activity and market liquidity influence spreads.
• Order types and execution: Use appropriate order types (limit orders, stop limits) and size considerations for liquidity. For intraday traders, pay attention to market depth and potential slippage.

For traders using Bitget, NVDS market data and trading functionalities may be accessible via Bitget’s ETF trading interface and market pages. Check Bitget for real‑time quotes, order types and execution details.

Fees, taxes and distributions treatment

Key cost considerations for NVDS:

• Expense ratio: The fund reports a net expense ratio — around 1.15% as noted in prospectus summaries at launch. Confirm the latest figure in the current prospectus and annual reports.
• Financing and derivative costs: In addition to the expense ratio, the cost of financing short exposures and derivative counterparties (swap spreads, borrowing costs) affect performance and are implicitly borne by the fund.
• Trading costs: Wider spreads and lower liquidity can increase execution cost, especially for large orders or during volatile sessions.
• Tax treatment of distributions: Distributions from the fund may be treated as ordinary income, capital gains, or returns of capital depending on the fund’s realized tax events and accounting. Consult the fund’s tax statements and your tax advisor for specifics.

Always consult up‑to‑date prospectus sections on fees and taxes before trading NVDS; for personalized tax advice, consult a tax professional.

Notable news and regulatory items

NVDS and the single‑stock leveraged ETF space have experienced several public items of interest since inception. Summaries of notable items include:

• Product launch and inception: NVDS began trading in mid‑July 2022. As of July 15, 2022, according to the issuer prospectus and launch announcement, the product entered the market as a single‑stock leveraged inverse offering for NVDA exposure.
• Branding updates: The product was originally associated with AXS advisory involvement and later rebranded under the Tradr label with SR Partners providing management or administrative services. As of January 25, 2026, issuer press statements and prospectus supplements document this branding history.
• Leverage and product clarifications: Issuers periodically publish clarifications on the daily leverage target, rebalancing methodology and risks. Regulatory documents and prospectus supplements contain these operational disclosures.
• Regulatory attention: Leveraged and single‑stock ETFs have drawn attention from regulators and exchanges to ensure clear disclosures about daily leverage, path dependency and investor suitability. Investors should review the fund’s prospectus and any investor notices for regulatory updates.

As of the reporting dates shown in issuer filings and industry coverage, these items are matters of public record. For the latest regulatory or news developments, consult the issuer’s press releases and SEC filings.

Alternatives and comparatives

Investors seeking bearish exposure to NVDA have alternatives to NVDS. Comparative approaches include:

• Put options on NVDA: Long puts provide downside exposure with defined downside risk and no daily resetting, but options have expirations and time decay.
• Short sale of NVDA shares: Shorting the underlying provides a direct inverse exposure without daily leverage reset, but requires borrowing availability, margin and ongoing financing costs.
• Inverse or leveraged instruments from other issuers: Some issuers provide inverse or leveraged products tied to NVDA or semiconductor indices. Compare structures, collateral and counterparty models before choosing.
• Single‑stock ETFs with different leverage profiles: Other funds may provide −1×, −2× or different multipliers with varying costs and rebalancing designs.

When comparing alternatives, consider cost structure (expense ratio, financing), counterparty exposure (OTC swaps vs. exchange‑traded derivatives), liquidity, tax treatment, and intended holding period. For traders using Bitget services, consider using Bitget Wallet for custody and Bitget’s market tools to compare available instruments and liquidity across supported markets.

References and external links

This section lists the primary types of sources to consult for up‑to‑date quotes and regulatory documents. Do not treat this list as exhaustive — always confirm dates and figures with the issuer and regulatory filings.

• Issuer prospectus and prospectus supplements (Tradr / SR Partners filings).
• SEC filings (Form N‑1A and other public SEC disclosures) for the fund.
• NASDAQ listing and trade data for NVDS.
• Fund facts and data pages on leading ETF data providers (examples: Morningstar, TradingView, Investing.com, ETF data terminals).
• Issuer press releases and announcements for branding and product changes.
• Financial news coverage (press articles summarizing launches, rebrandings and regulatory commentary).

As of January 25, 2026, according to issuer filings and public exchange data, the prospectus and SEC filings remain the definitive sources for fund facts, fees, holdings and legal disclosures.

See also

• Nvidia Corporation (NVDA) — the underlying single stock exposure.
• Leveraged and inverse ETFs — general overview and mechanics.
• Rebalancing and compounding in leveraged ETFs — path dependency explained.
• Options and futures — alternative ways to gain directional exposure.
• Single‑stock ETF regulatory discussions — background on disclosure and investor suitability.

Practical checklist for traders considering NVDS

1. Confirm the fund objective and net expense ratio in the latest prospectus.
2. Check the latest NAV, iNAV and intraday liquidity on trading platforms (Bitget provides market quotes and trading tools).
3. Review the fund’s daily holdings disclosure to understand derivative and counterparty exposures.
4. Evaluate your intended holding period: NVDS is designed for daily to short‑term use, not buy‑and‑hold.
5. Plan order types and size to manage spreads and slippage; use limit orders in thin markets.
6. Understand tax implications for distributions and realized gains; consult a tax advisor.

Further explore Bitget’s educational resources and trading tools to check live quotes, historical intraday data and order execution options for NVDS.

Additional notes on data and reporting

• As of January 25, 2026, according to issuer documents and exchange data, NVDS continues to operate with the objectives and structures described in its prospectus. For time‑sensitive values such as AUM, daily volume, NAV and recent distributions, consult the issuer’s daily publications and SEC filings.
• When news items or regulatory notices are published, they typically carry dates and source identifiers (for example, an issuer press release dated July 15, 2022 announced the product’s market entry). Investors should rely on dated documents for verification.

Final remarks and next steps

nvds stock (NVDS) is a purpose‑built product for traders seeking short‑term inverse leveraged exposure to NVDA. It is not a simple replacement for shorting NVDA or buying long‑dated puts. Understanding daily reset mechanics, compounding effects and derivative counterparty structures is essential before trading NVDS.

If you want to monitor nvds stock in real time, review the fund prospectus, check the latest NAV and iNAV figures, and use Bitget’s market tools to place and manage orders. For tax treatment and personal suitability, consult a qualified tax or financial professional.

Explore more tools and market pages on Bitget to see live quotes, order types and how NVDS behaves intraday. Stay informed by reviewing the issuer’s prospectus and SEC filings for dated, authoritative disclosures.

Note: This article is informational and not investment advice. Readers should perform their own due diligence and consult professional advisors before making trading decisions.