GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD) Short Interest Down 52.2% in May

GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD) saw a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 2,383,504 shares, a decline of 52.2% from the May 14th total of 4,981,217 shares. Currently, 12.4% of the company’s shares are short sold. Based on an average daily trading volume, of 60,923,996 shares, the short-interest ratio is presently 0.0 days.

GraniteShares 2x Short NVDA Daily ETF Trading Down 0.4%

NASDAQ NVD traded down $0.02 on Friday, reaching $5.02. 60,518,935 shares of the company were exchanged, compared to its average volume of 72,515,250. The business’s fifty day moving average price is $5.28 and its 200 day moving average price is $6.74. The stock has a market capitalization of $96.23 million, a P/E ratio of -41.83 and a beta of -3.01. GraniteShares 2x Short NVDA Daily ETF has a fifty-two week low of $3.93 and a fifty-two week high of $15.98.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jump Financial LLC raised its position in GraniteShares 2x Short NVDA Daily ETF by 1,202.4% in the fourth quarter. Jump Financial LLC now owns 390,688 shares of the company’s stock valued at $2,793,000 after purchasing an additional 360,690 shares during the period. IMC Chicago LLC purchased a new stake in GraniteShares 2x Short NVDA Daily ETF in the first quarter valued at $2,222,000. Optiver Holding B.V. raised its holdings in shares of GraniteShares 2x Short NVDA Daily ETF by 1,209.1% in the 1st quarter. Optiver Holding B.V. now owns 175,687 shares of the company’s stock valued at $1,326,000 after buying an additional 162,267 shares during the period. Genesis Financial Group LLC raised its holdings in shares of GraniteShares 2x Short NVDA Daily ETF by 67.3% in the 1st quarter. Genesis Financial Group LLC now owns 114,888 shares of the company’s stock valued at $867,000 after buying an additional 46,225 shares during the period. Finally, Jane Street Group LLC raised its holdings in shares of GraniteShares 2x Short NVDA Daily ETF by 85.9% in the 1st quarter. Jane Street Group LLC now owns 58,700 shares of the company’s stock valued at $2,032,000 after buying an additional 27,126 shares during the period.

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.