Feed ExplorerFinally figured out the whole story, let me break it down for everyone.
Shortly after the night session started on the 23rd, $T-Rex 2X Long NVIDIA Daily Target ETF(NVDX.US) suddenly dropped by $2.1 (17.25-2.16=15.09). At that time, there was no official announcement, so many people didn't realize it was an ex-dividend adjustment and thought it was a system glitch. As a result, a lot of people rushed in to scoop up bargains, pushing the price up to over $16 in an instant. About an hour later, when the ex-dividend news was officially released, the price immediately dropped to $15.3, burying many who had climbed to the peak in an avalanche.
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