GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD) Short Interest Update

GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD) saw a large growth in short interest in October. As of October 15th, there was short interest totalling 3,790,000 shares, a growth of 319.4% from the September 30th total of 903,700 shares. Based on an average daily volume of 40,567,600 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in NVD. Midland Wealth Advisors LLC purchased a new position in GraniteShares 2x Short NVDA Daily ETF during the 2nd quarter worth approximately $44,000. Headlands Technologies LLC purchased a new position in shares of GraniteShares 2x Short NVDA Daily ETF in the 2nd quarter valued at approximately $33,000. Ground Swell Capital LLC grew its stake in shares of GraniteShares 2x Short NVDA Daily ETF by 117.5% in the 2nd quarter. Ground Swell Capital LLC now owns 21,929 shares of the company’s stock valued at $48,000 after purchasing an additional 11,847 shares during the last quarter. Finally, Scientech Research LLC purchased a new position in shares of GraniteShares 2x Short NVDA Daily ETF in the 2nd quarter valued at approximately $178,000.

GraniteShares 2x Short NVDA Daily ETF Price Performance

Shares of NVD traded down $0.02 during mid-day trading on Friday, reaching $1.23. The company’s stock had a trading volume of 20,350,068 shares, compared to its average volume of 20,405,381. GraniteShares 2x Short NVDA Daily ETF has a 12-month low of $1.19 and a 12-month high of $31.45. The stock has a market cap of $105.12 million, a PE ratio of -10.25 and a beta of -4.30. The company’s 50 day moving average is $1.72 and its 200 day moving average is $2.73.

GraniteShares 2x Short NVDA Daily ETF Company Profile

The GraniteShares 2x Short NVDA Daily ETF (NVD) is an exchange-traded fund that mostly invests in information technology equity. The fund provides 2x inverse leveraged exposure, less fees and expenses, to the daily price movement for shares of NVIDIA Corporation stock. NVD was launched on Aug 21, 2023 and is issued by GraniteShares.