GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) Shares Gap Up – What’s Next?

GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) gapped up prior to trading on Wednesday . The stock had previously closed at $38.07, but opened at $41.98. GraniteShares 2x Long NVDA Daily ETF shares last traded at $42.66, with a volume of 10,282,204 shares.

GraniteShares 2x Long NVDA Daily ETF Trading Up 0.0 %

The business has a 50-day moving average price of $58.42 and a 200-day moving average price of $64.37.

Institutional Trading of GraniteShares 2x Long NVDA Daily ETF

Large investors have recently added to or reduced their stakes in the company. IFP Advisors Inc acquired a new position in GraniteShares 2x Long NVDA Daily ETF in the fourth quarter valued at approximately $27,000. Tower Research Capital LLC TRC lifted its holdings in GraniteShares 2x Long NVDA Daily ETF by 26.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,088 shares of the company’s stock valued at $72,000 after purchasing an additional 229 shares in the last quarter. Spire Wealth Management purchased a new position in shares of GraniteShares 2x Long NVDA Daily ETF in the fourth quarter worth about $78,000. CoreCap Advisors LLC grew its position in shares of GraniteShares 2x Long NVDA Daily ETF by 530.0% in the fourth quarter. CoreCap Advisors LLC now owns 1,575 shares of the company’s stock valued at $105,000 after purchasing an additional 1,325 shares in the last quarter. Finally, Centaurus Financial Inc. acquired a new position in shares of GraniteShares 2x Long NVDA Daily ETF during the 3rd quarter valued at about $134,000.

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.