Shares of GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL – Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $47.31, but opened at $44.93. GraniteShares 2x Long NVDA Daily ETF shares last traded at $46.59, with a volume of 7,296,251 shares traded.
GraniteShares 2x Long NVDA Daily ETF Stock Performance
The business’s 50 day moving average is $62.70 and its 200 day moving average is $51.30.
Hedge Funds Weigh In On GraniteShares 2x Long NVDA Daily ETF
A number of institutional investors and hedge funds have recently modified their holdings of NVDL. Jane Street Group LLC acquired a new position in shares of GraniteShares 2x Long NVDA Daily ETF during the first quarter worth $10,343,000. IMC Chicago LLC acquired a new position in GraniteShares 2x Long NVDA Daily ETF in the first quarter valued at $5,753,000. Nisa Investment Advisors LLC acquired a new position in GraniteShares 2x Long NVDA Daily ETF in the second quarter valued at $7,518,000. TRUE Private Wealth Advisors boosted its stake in GraniteShares 2x Long NVDA Daily ETF by 551.9% in the first quarter. TRUE Private Wealth Advisors now owns 71,642 shares of the company’s stock valued at $2,973,000 after acquiring an additional 60,653 shares in the last quarter. Finally, Brookstone Capital Management acquired a new position in GraniteShares 2x Long NVDA Daily ETF in the second quarter valued at $1,502,000.
About GraniteShares 2x Long NVDA Daily ETF
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.
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