Shares of GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL – Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $31.75, but opened at $35.65. GraniteShares 2x Long NVDA Daily ETF shares last traded at $36.07, with a volume of 17,499,283 shares changing hands.
GraniteShares 2x Long NVDA Daily ETF Trading Down 9.0%
The stock has a 50-day moving average of $31.83 and a 200 day moving average of $31.09.
Institutional Investors Weigh In On GraniteShares 2x Long NVDA Daily ETF
Large investors have recently made changes to their positions in the business. Financial Life Planners purchased a new position in shares of GraniteShares 2x Long NVDA Daily ETF in the 1st quarter worth about $25,000. Parallel Advisors LLC grew its position in GraniteShares 2x Long NVDA Daily ETF by 104.3% during the fourth quarter. Parallel Advisors LLC now owns 613 shares of the company’s stock valued at $54,000 after buying an additional 313 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in GraniteShares 2x Long NVDA Daily ETF during the third quarter worth about $88,000. CoreCap Advisors LLC increased its holdings in GraniteShares 2x Long NVDA Daily ETF by 200.0% during the second quarter. CoreCap Advisors LLC now owns 3,462 shares of the company’s stock worth $103,000 after buying an additional 2,308 shares during the last quarter. Finally, Headlands Technologies LLC increased its holdings in GraniteShares 2x Long NVDA Daily ETF by 953.1% during the second quarter. Headlands Technologies LLC now owns 1,685 shares of the company’s stock worth $119,000 after buying an additional 1,525 shares during the last quarter.
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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