GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD) Short Interest Update

GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 2,986,156 shares, a decline of 49.9% from the August 15th total of 5,962,961 shares. Based on an average trading volume of 85,130,666 shares, the short-interest ratio is presently 0.0 days. Currently, 27.2% of the shares of the company are sold short.

GraniteShares 2x Short NVDA Daily ETF Stock Down 0.9%

Shares of NASDAQ:NVD traded down $0.04 during midday trading on Tuesday, reaching $4.22. The company’s stock had a trading volume of 82,388,746 shares, compared to its average volume of 73,753,586. The firm has a market capitalization of $589.11 billion, a PE ratio of -35.17 and a beta of -3.08. GraniteShares 2x Short NVDA Daily ETF has a twelve month low of $3.46 and a twelve month high of $10.78. The stock has a fifty day moving average of $4.37 and a 200 day moving average of $5.32.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Optiver Holding B.V. lifted 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 lifted its holdings in GraniteShares 2x Short NVDA Daily ETF by 67.3% in the first quarter. Genesis Financial Group LLC now owns 114,888 shares of the company’s stock valued at $867,000 after acquiring an additional 46,225 shares during the period. MWA Asset Management acquired a new position in GraniteShares 2x Short NVDA Daily ETF in the first quarter valued at approximately $83,000. Group One Trading LLC purchased a new stake in GraniteShares 2x Short NVDA Daily ETF in the 1st quarter worth approximately $262,000. Finally, IMC Chicago LLC acquired a new stake in shares of GraniteShares 2x Short NVDA Daily ETF during the 1st quarter worth approximately $2,222,000.

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.