GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL – Get Free Report) shot up 4.9% during mid-day trading on Tuesday . The company traded as high as $67.96 and last traded at $67.20. 6,923,142 shares were traded during trading, a decline of 52% from the average session volume of 14,368,630 shares. The stock had previously closed at $64.06.
GraniteShares 2x Long NVDA Daily ETF Stock Up 0.2 %
The company’s 50 day simple moving average is $53.22 and its 200 day simple moving average is $35.37.
Institutional Investors Weigh In On GraniteShares 2x Long NVDA Daily ETF
Hedge funds and other institutional investors have recently made changes to their positions in the business. Jane Street Group LLC acquired a new stake in GraniteShares 2x Long NVDA Daily ETF in the 1st quarter worth about $10,343,000. Hoey Investments Inc. boosted its position in shares of GraniteShares 2x Long NVDA Daily ETF by 302.2% in the first quarter. Hoey Investments Inc. now owns 14,873 shares of the company’s stock worth $617,000 after acquiring an additional 11,175 shares during the last quarter. Cherry Tree Wealth Management LLC purchased a new stake in GraniteShares 2x Long NVDA Daily ETF in the first quarter valued at approximately $95,000. TRUE Private Wealth Advisors increased its position in GraniteShares 2x Long NVDA Daily ETF by 551.9% during the first quarter. TRUE Private Wealth Advisors now owns 71,642 shares of the company’s stock worth $2,973,000 after purchasing an additional 60,653 shares during the last quarter. Finally, Simplex Trading LLC purchased a new position in GraniteShares 2x Long NVDA Daily ETF during the first quarter worth approximately $412,000.
GraniteShares 2x Long NVDA Daily ETF Company Profile
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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