GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) Shares Gap Down to $56.58

GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) gapped down before the market opened on Monday . The stock had previously closed at $56.58, but opened at $54.36. GraniteShares 2x Long NVDA Daily ETF shares last traded at $53.20, with a volume of 2,826,427 shares trading hands.

GraniteShares 2x Long NVDA Daily ETF Trading Down 0.8 %

The company’s fifty day moving average price is $58.25 and its two-hundred day moving average price is $52.97.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in NVDL. Heritage Oak Wealth Advisors LLC acquired a new position in shares of GraniteShares 2x Long NVDA Daily ETF in the 2nd quarter valued at about $522,000. Creative Planning acquired a new stake in shares of GraniteShares 2x Long NVDA Daily ETF during the second quarter worth approximately $314,000. Silver Lake Advisory LLC bought a new stake in shares of GraniteShares 2x Long NVDA Daily ETF in the second quarter worth $264,000. Hollencrest Capital Management raised its holdings in GraniteShares 2x Long NVDA Daily ETF by 5,677.8% in the second quarter. Hollencrest Capital Management now owns 1,040 shares of the company’s stock valued at $72,000 after acquiring an additional 1,022 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in GraniteShares 2x Long NVDA Daily ETF during the 2nd quarter valued at $226,000.

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.