GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) Short Interest Up 91.1% in February

GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) was the recipient of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 18,820,000 shares, a growth of 91.1% from the February 13th total of 9,850,000 shares. Currently, 20.0% of the company’s shares are sold short. Based on an average daily trading volume, of 23,530,900 shares, the days-to-cover ratio is presently 0.8 days.

GraniteShares 2x Long NVDA Daily ETF Stock Up 9.8 %

Shares of NASDAQ:NVDL traded up $4.22 on Friday, reaching $47.29. 23,058,052 shares of the company traded hands, compared to its average volume of 21,046,761. The business’s 50-day simple moving average is $57.83 and its 200 day simple moving average is $64.24. GraniteShares 2x Long NVDA Daily ETF has a 52 week low of $28.29 and a 52 week high of $91.70.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. IFP Advisors Inc bought a new position in shares of GraniteShares 2x Long NVDA Daily ETF during the fourth quarter valued at about $27,000. Tower Research Capital LLC TRC grew its stake in shares of GraniteShares 2x Long NVDA Daily ETF by 26.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,088 shares of the company’s stock worth $72,000 after purchasing an additional 229 shares during the last quarter. Spire Wealth Management bought a new stake in shares of GraniteShares 2x Long NVDA Daily ETF in the fourth quarter worth about $78,000. CoreCap Advisors LLC grew its stake 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 worth $105,000 after purchasing an additional 1,325 shares during the last quarter. Finally, Centaurus Financial Inc. bought a new stake in shares of GraniteShares 2x Long NVDA Daily ETF in the third quarter worth 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.