GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) Shares Up 7.6%

GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL)’s share price rose 7.6% during trading on Friday . The company traded as high as $38.67 and last traded at $38.53. Approximately 13,211,470 shares were traded during trading, an increase of 9% from the average daily volume of 12,120,660 shares. The stock had previously closed at $35.80.

GraniteShares 2x Long NVDA Daily ETF Price Performance

The firm has a 50 day simple moving average of $37.03 and a 200-day simple moving average of $23.00.

Hedge Funds Weigh In On GraniteShares 2x Long NVDA Daily ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. AlphaMark Advisors LLC bought a new position in shares of GraniteShares 2x Long NVDA Daily ETF during the third quarter worth approximately $34,000. Headlands Technologies LLC raised its position in shares of GraniteShares 2x Long NVDA Daily ETF by 567.6% in the fourth quarter. Headlands Technologies LLC now owns 494 shares of the company’s stock valued at $44,000 after buying an additional 420 shares in the last quarter. NBC Securities Inc. acquired a new position in GraniteShares 2x Long NVDA Daily ETF in the 1st quarter valued at $59,000. Cherry Tree Wealth Management LLC bought a new stake in shares of GraniteShares 2x Long NVDA Daily ETF during the 1st quarter valued at $95,000. Finally, Signaturefd LLC acquired a new stake in shares of GraniteShares 2x Long NVDA Daily ETF during the 3rd quarter worth $153,000.

GraniteShares 2x Long NVDA Daily ETF Company Profile

The GraniteShares 1.5x Long NVDA Daily ETF (NVDL) is an exchange-traded fund that mostly invests in information technology equity. The fund provides 1.5x leveraged exposure, less fees and expenses, to the daily price movement for shares of NVIDIA Corporation stock. NVDL was launched on Dec 13, 2022 and is managed by GraniteShares.