GraniteShares 2x Short NVDA Daily ETF Sees Unusually High Options Volume (NASDAQ:NVD)

GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD) saw some unusual options trading on Thursday. Investors acquired 2,964 call options on the stock. This represents an increase of 214% compared to the typical volume of 945 call options.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in NVD. IMC Chicago LLC bought a new stake in shares of GraniteShares 2x Short NVDA Daily ETF during the first quarter valued at about $2,222,000. Optiver Holding B.V. lifted its holdings in shares of GraniteShares 2x Short NVDA Daily ETF by 1,209.1% in the first quarter. Optiver Holding B.V. now owns 175,687 shares of the company’s stock worth $1,326,000 after buying an additional 162,267 shares in the last quarter. StoneX Group Inc. purchased a new stake in shares of GraniteShares 2x Short NVDA Daily ETF in the third quarter worth about $236,000. Genesis Financial Group LLC boosted its position in shares of 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. Finally, Group One Trading LLC bought a new position in shares of GraniteShares 2x Short NVDA Daily ETF in the first quarter valued at approximately $262,000.

GraniteShares 2x Short NVDA Daily ETF Stock Performance

NASDAQ:NVD opened at $6.65 on Friday. GraniteShares 2x Short NVDA Daily ETF has a 52-week low of $3.19 and a 52-week high of $9.76. The firm has a market cap of $77.47 million, a price-to-earnings ratio of -55.42 and a beta of -3.17. The business’s fifty day moving average is $4.15 and its 200 day moving average is $5.24.

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.