GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL – Get Free Report)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $46.30, but opened at $44.80. GraniteShares 2x Long NVDA Daily ETF shares last traded at $41.95, with a volume of 7,198,415 shares trading hands.
GraniteShares 2x Long NVDA Daily ETF Stock Performance
The stock has a 50-day simple moving average of $53.26 and a 200 day simple moving average of $63.58.
Hedge Funds Weigh In On GraniteShares 2x Long NVDA Daily ETF
Several institutional investors and hedge funds have recently modified their holdings of NVDL. Weaver Consulting Group boosted its position in GraniteShares 2x Long NVDA Daily ETF by 4.7% during the third quarter. Weaver Consulting Group now owns 4,472 shares of the company’s stock valued at $260,000 after purchasing an additional 200 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of GraniteShares 2x Long NVDA Daily ETF by 26.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,088 shares of the company’s stock valued at $72,000 after buying an additional 229 shares during the last quarter. Brookstone Capital Management grew its stake in shares of GraniteShares 2x Long NVDA Daily ETF by 1.0% in the 4th quarter. Brookstone Capital Management now owns 38,231 shares of the company’s stock valued at $2,538,000 after buying an additional 373 shares in the last quarter. IFP Advisors Inc acquired a new position in GraniteShares 2x Long NVDA Daily ETF in the fourth quarter worth approximately $27,000. Finally, TRUE Private Wealth Advisors raised its position in GraniteShares 2x Long NVDA Daily ETF by 1.3% during the fourth quarter. TRUE Private Wealth Advisors now owns 75,170 shares of the company’s stock valued at $4,991,000 after acquiring an additional 982 shares in the last quarter.
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.
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