GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) Shares Down 6.2%

GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) shares traded down 6.2% on Monday . The company traded as low as $65.01 and last traded at $65.21. 3,920,281 shares traded hands during mid-day trading, a decline of 73% from the average session volume of 14,545,857 shares. The stock had previously closed at $69.55.

GraniteShares 2x Long NVDA Daily ETF Stock Down 2.5 %

The business’s 50-day moving average is $56.20 and its two-hundred day moving average is $37.10.

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

A number of institutional investors and hedge funds have recently bought and sold shares of NVDL. AlphaMark Advisors LLC raised its holdings in shares of GraniteShares 2x Long NVDA Daily ETF by 65.9% in the fourth quarter. AlphaMark Advisors LLC now owns 667 shares of the company’s stock valued at $60,000 after buying an additional 265 shares during the last quarter. Headlands Technologies LLC raised its holdings in shares of GraniteShares 2x Long NVDA Daily ETF by 567.6% in the fourth quarter. Headlands Technologies LLC now owns 494 shares of the company’s stock valued at $44,000 after buying an additional 420 shares during the last quarter. NBC Securities Inc. purchased a new stake in shares of GraniteShares 2x Long NVDA Daily ETF in the first quarter valued at about $59,000. Cherry Tree Wealth Management LLC purchased a new stake in shares of GraniteShares 2x Long NVDA Daily ETF in the first quarter valued at about $95,000. Finally, Capital CS Group LLC purchased a new stake in shares of GraniteShares 2x Long NVDA Daily ETF in the fourth quarter valued at about $239,000.

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.