GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL – Get Free Report) gapped up before the market opened on Friday. The stock had previously closed at $18.57, but opened at $19.42. GraniteShares 2x Long NVDA Daily ETF shares last traded at $17.64, with a volume of 20,027,297 shares changing hands.
GraniteShares 2x Long NVDA Daily ETF Trading Down 7.5%
The business’s 50-day moving average is $32.86 and its 200-day moving average is $31.50.
Hedge Funds Weigh In On GraniteShares 2x Long NVDA Daily ETF
A number of institutional investors have recently modified their holdings of NVDL. HighTower Advisors LLC acquired a new stake in GraniteShares 2x Long NVDA Daily ETF during the third quarter worth about $900,000. King Luther Capital Management Corp purchased a new position in GraniteShares 2x Long NVDA Daily ETF during the third quarter valued at approximately $580,000. Vestor Capital LLC purchased a new position in GraniteShares 2x Long NVDA Daily ETF during the third quarter valued at approximately $5,474,000. IFP Advisors Inc acquired a new position in GraniteShares 2x Long NVDA Daily ETF in the third quarter valued at approximately $26,000. Finally, Vilga Financial Planning LLC acquired a new position in GraniteShares 2x Long NVDA Daily ETF in the third quarter valued at approximately $220,000.
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.
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