GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD) Shares Gap Down – Here’s What Happened

GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD) shares gapped down prior to trading on Thursday . The stock had previously closed at $4.15, but opened at $3.98. GraniteShares 2x Short NVDA Daily ETF shares last traded at $3.9650, with a volume of 7,142,668 shares.

GraniteShares 2x Short NVDA Daily ETF Price Performance

The stock has a market capitalization of $552.39 billion, a PE ratio of -32.88 and a beta of -3.08. The firm’s 50 day simple moving average is $4.36 and its 200 day simple moving average is $5.30.

Institutional Investors Weigh In On GraniteShares 2x Short NVDA Daily ETF

Several institutional investors have recently bought and sold shares of NVD. MWA Asset Management purchased a new position in shares of GraniteShares 2x Short NVDA Daily ETF during the 1st quarter worth approximately $83,000. Group One Trading LLC purchased a new stake in shares of GraniteShares 2x Short NVDA Daily ETF during the first quarter worth about $262,000. Genesis Financial Group LLC boosted its holdings in shares of GraniteShares 2x Short NVDA Daily ETF by 67.3% during the 1st quarter. Genesis Financial Group LLC now owns 114,888 shares of the company’s stock valued at $867,000 after purchasing an additional 46,225 shares during the last quarter. Optiver Holding B.V. grew its holdings in shares of GraniteShares 2x Short NVDA Daily ETF by 1,209.1% in the first quarter. Optiver Holding B.V. now owns 175,687 shares of the company’s stock valued at $1,326,000 after purchasing an additional 162,267 shares in the last quarter. Finally, IMC Chicago LLC bought a new position in shares of GraniteShares 2x Short NVDA Daily ETF during the 1st quarter valued at approximately $2,222,000.

About GraniteShares 2x Short NVDA Daily ETF

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.