Short Interest in GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD) Decreases By 56.5%

GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD) was the recipient of a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 1,708,736 shares, a decline of 56.5% from the June 15th total of 3,931,924 shares. Approximately 14.6% of the company’s shares are short sold. Based on an average daily volume of 64,235,591 shares, the days-to-cover ratio is currently 0.0 days.

GraniteShares 2x Short NVDA Daily ETF Price Performance

NVD traded up $0.23 during mid-day trading on Thursday, hitting $4.78. The stock had a trading volume of 68,949,318 shares, compared to its average volume of 71,246,961. The stock’s fifty day simple moving average is $4.86 and its 200-day simple moving average is $6.17. The firm has a market capitalization of $56.50 million, a price-to-earnings ratio of -39.83 and a beta of -3.06. GraniteShares 2x Short NVDA Daily ETF has a 1-year low of $3.93 and a 1-year high of $11.50.

Institutional Trading of GraniteShares 2x Short NVDA Daily ETF

A number of large investors have recently made changes to their positions in the company. Jump Financial LLC raised its position in shares of GraniteShares 2x Short NVDA Daily ETF by 1,202.4% during the fourth quarter. Jump Financial LLC now owns 390,688 shares of the company’s stock worth $2,793,000 after purchasing an additional 360,690 shares during the period. IMC Chicago LLC acquired a new position in shares of GraniteShares 2x Short NVDA Daily ETF in the 1st quarter valued at approximately $2,222,000. Optiver Holding B.V. grew its position 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 purchasing an additional 162,267 shares during the period. Genesis Financial Group LLC raised its holdings in 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 worth $867,000 after buying an additional 46,225 shares during the period. Finally, Jane Street Group LLC lifted its stake in GraniteShares 2x Short NVDA Daily ETF by 85.9% in the first 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 in the last quarter.

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.