GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) Shares Gap Up to $51.17

GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) shares gapped up before the market opened on Thursday . The stock had previously closed at $51.17, but opened at $54.75. GraniteShares 2x Long NVDA Daily ETF shares last traded at $55.87, with a volume of 3,783,147 shares.

GraniteShares 2x Long NVDA Daily ETF Price Performance

The stock has a 50 day moving average price of $56.83 and a two-hundred day moving average price of $53.12.

Hedge Funds Weigh In On GraniteShares 2x Long NVDA Daily ETF

A number of large investors have recently modified their holdings of NVDL. Private Ocean LLC bought a new position in GraniteShares 2x Long NVDA Daily ETF in the second quarter valued at approximately $35,000. National Bank of Canada FI bought a new position in GraniteShares 2x Long NVDA Daily ETF in the second quarter worth approximately $42,000. NBC Securities Inc. acquired a new stake in GraniteShares 2x Long NVDA Daily ETF in the 1st quarter valued at $59,000. Gilliland Jeter Wealth Management LLC bought a new position in shares of GraniteShares 2x Long NVDA Daily ETF in the second quarter valued at approximately $72,000. Finally, Hollencrest Capital Management grew its stake in shares of GraniteShares 2x Long NVDA Daily ETF by 5,677.8% in the 2nd quarter. Hollencrest Capital Management now owns 1,040 shares of the company’s stock worth $72,000 after acquiring an additional 1,022 shares in the last quarter.

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.