Shares of GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL – Get Free Report) were up 5.3% during mid-day trading on Friday . The stock traded as high as $68.03 and last traded at $68.05. Approximately 3,583,794 shares changed hands during trading, a decline of 79% from the average daily volume of 16,914,904 shares. The stock had previously closed at $64.60.
GraniteShares 2x Long NVDA Daily ETF Stock Performance
The business’s fifty day moving average price is $72.30 and its 200 day moving average price is $66.32.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of NVDL. Hollencrest Capital Management lifted its stake in shares of GraniteShares 2x Long NVDA Daily ETF by 5,677.8% in the second quarter. Hollencrest Capital Management now owns 1,040 shares of the company’s stock worth $72,000 after acquiring an additional 1,022 shares during the period. Centaurus Financial Inc. acquired a new position in GraniteShares 2x Long NVDA Daily ETF in the third quarter valued at approximately $134,000. Gilliland Jeter Wealth Management LLC boosted its holdings in shares of GraniteShares 2x Long NVDA Daily ETF by 144.9% in the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 2,535 shares of the company’s stock worth $148,000 after buying an additional 1,500 shares during the last quarter. Safe Harbor Fiduciary LLC purchased a new stake in GraniteShares 2x Long NVDA Daily ETF during the third quarter worth about $153,000. Finally, HighTower Advisors LLC purchased a new stake in GraniteShares 2x Long NVDA Daily ETF during the third quarter worth about $210,000.
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.
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