GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) Shares Gap Down – Should You Sell?

GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDLGet Free Report) gapped down prior to trading on Monday . The stock had previously closed at $36.23, but opened at $35.43. GraniteShares 2x Long NVDA Daily ETF shares last traded at $34.70, with a volume of 6,029,043 shares changing hands.

GraniteShares 2x Long NVDA Daily ETF Stock Down 8.0 %

The business has a 50-day moving average of $41.00 and a 200-day moving average of $59.80.

Institutional Investors Weigh In On GraniteShares 2x Long NVDA Daily ETF

A number of institutional investors and hedge funds have recently made changes to their positions in NVDL. Barclays PLC increased its holdings in GraniteShares 2x Long NVDA Daily ETF by 50.4% during the third quarter. Barclays PLC now owns 142,652 shares of the company’s stock worth $8,301,000 after buying an additional 47,800 shares during the last quarter. World Investment Advisors LLC acquired a new position in shares of GraniteShares 2x Long NVDA Daily ETF during the 3rd quarter worth about $291,000. Oriental Harbor Investment Fund bought a new stake in shares of GraniteShares 2x Long NVDA Daily ETF in the 3rd quarter valued at about $27,892,000. B. Riley Wealth Advisors Inc. bought a new stake in shares of GraniteShares 2x Long NVDA Daily ETF in the 3rd quarter valued at about $296,000. Finally, JPMorgan Chase & Co. lifted its stake in GraniteShares 2x Long NVDA Daily ETF by 8.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 78,492 shares of the company’s stock valued at $4,567,000 after purchasing an additional 5,839 shares during the last quarter.

About GraniteShares 2x Long NVDA Daily ETF

(Get Free Report)

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.

Further Reading

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