Sequoia Financial Advisors LLC Reduces Stock Position in GraniteShares 2x Long NVDA Daily ETF $NVDL

Sequoia Financial Advisors LLC lessened its stake in GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) by 26.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,315 shares of the company’s stock after selling 8,000 shares during the period. Sequoia Financial Advisors LLC’s holdings in GraniteShares 2x Long NVDA Daily ETF were worth $2,089,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of NVDL. APEIRON CAPITAL Ltd purchased a new position in shares of GraniteShares 2x Long NVDA Daily ETF in the 3rd quarter worth $88,003,000. ZEGA Investments LLC bought a new position in GraniteShares 2x Long NVDA Daily ETF in the third quarter valued at about $651,000. SG Americas Securities LLC purchased a new position in GraniteShares 2x Long NVDA Daily ETF in the third quarter worth about $459,000. Spire Wealth Management grew its stake in shares of GraniteShares 2x Long NVDA Daily ETF by 3,483.3% during the 3rd quarter. Spire Wealth Management now owns 1,075 shares of the company’s stock valued at $101,000 after purchasing an additional 1,045 shares during the period. Finally, Woodward Diversified Capital LLC purchased a new stake in shares of GraniteShares 2x Long NVDA Daily ETF during the 3rd quarter valued at about $1,690,000.

GraniteShares 2x Long NVDA Daily ETF Trading Up 6.0%

Shares of NASDAQ:NVDL opened at $84.21 on Thursday. The firm’s 50 day moving average price is $85.87 and its 200-day moving average price is $87.49. GraniteShares 2x Long NVDA Daily ETF has a twelve month low of $23.12 and a twelve month high of $118.50.

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.