GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) Stock Sees Unusually High Call Option Buying

GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) was the target of some unusual options trading activity on Wednesday. Investors bought 41,154 call options on the stock. This represents an increase of 29% compared to the typical volume of 31,951 call options.

Institutional Trading of GraniteShares 2x Long NVDA Daily ETF

Institutional investors and hedge funds have recently modified their holdings of the business. IFP Advisors Inc bought a new position in GraniteShares 2x Long NVDA Daily ETF in the third quarter valued at about $26,000. Integrated Wealth Concepts LLC acquired a new stake in shares of GraniteShares 2x Long NVDA Daily ETF in the 2nd quarter valued at approximately $43,000. CoreCap Advisors LLC grew its holdings in shares of GraniteShares 2x Long NVDA Daily ETF by 200.0% during the 2nd quarter. CoreCap Advisors LLC now owns 3,462 shares of the company’s stock valued at $103,000 after purchasing an additional 2,308 shares during the last quarter. Vilga Financial Planning LLC bought a new stake in shares of GraniteShares 2x Long NVDA Daily ETF during the 3rd quarter valued at approximately $220,000. Finally, Turner Financial Group Inc. acquired a new position in GraniteShares 2x Long NVDA Daily ETF during the 2nd quarter worth approximately $303,000.

GraniteShares 2x Long NVDA Daily ETF Trading Up 6.9%

Shares of NVDL stock traded up $1.33 during trading hours on Wednesday, reaching $20.61. The company’s stock had a trading volume of 38,243,373 shares, compared to its average volume of 21,251,770. GraniteShares 2x Long NVDA Daily ETF has a fifty-two week low of $18.55 and a fifty-two week high of $43.27. The firm’s 50 day simple moving average is $33.47 and its 200-day simple moving average is $31.59.

About GraniteShares 2x Long NVDA Daily ETF

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.