GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD) Short Interest Update

Posted by Linda Flegge on Nov 14th, 2024

GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD – Get Free Report) saw a significant decline in short interest in the month of October. As of October 31st, there was short interest totalling 122,000 shares, a decline of 96.8% from the October 15th total of 3,790,000 shares. Based on an average daily trading volume, of 1,505,900 shares, the days-to-cover ratio is presently 0.1 days.

GraniteShares 2x Short NVDA Daily ETF Stock Performance

NASDAQ NVD traded up $0.71 during trading on Wednesday, hitting $28.48. The stock had a trading volume of 1,486,663 shares, compared to its average volume of 862,515. The stock has a market capitalization of $84.30 million, a price-to-earnings ratio of -237.33 and a beta of -4.30. The stock has a 50 day simple moving average of $39.44 and a 200 day simple moving average of $57.94. GraniteShares 2x Short NVDA Daily ETF has a one year low of $27.25 and a one year high of $636.29.

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

Several hedge funds have recently bought and sold shares of the business. Midland Wealth Advisors LLC purchased a new position in GraniteShares 2x Short NVDA Daily ETF in the 2nd quarter worth about $44,000. Headlands Technologies LLC bought a new stake in GraniteShares 2x Short NVDA Daily ETF during the 2nd quarter valued at $33,000. Ground Swell Capital LLC increased its holdings in shares of GraniteShares 2x Short NVDA Daily ETF by 117.5% in the 2nd quarter. Ground Swell Capital LLC now owns 21,929 shares of the company’s stock valued at $48,000 after acquiring an additional 11,847 shares during the period. Finally, Scientech Research LLC purchased a new stake in shares of GraniteShares 2x Short NVDA Daily ETF during the 2nd quarter worth $178,000.

GraniteShares 2x Short NVDA Daily ETF Company Profile

(Get Free Report)

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.