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

Shares of GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) gapped up before the market opened on Wednesday . The stock had previously closed at $48.95, but opened at $51.46. GraniteShares 2x Long NVDA Daily ETF shares last traded at $50.74, with a volume of 11,066,948 shares changing hands.

GraniteShares 2x Long NVDA Daily ETF Stock Performance

The company has a 50-day moving average of $38.32 and a 200-day moving average of $56.76.

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

Several institutional investors and hedge funds have recently made changes to their positions in the company. APEIRON CAPITAL Ltd raised its position in shares of GraniteShares 2x Long NVDA Daily ETF by 30.0% during the 1st quarter. APEIRON CAPITAL Ltd now owns 1,900,000 shares of the company’s stock valued at $71,060,000 after acquiring an additional 438,920 shares in the last quarter. IMC Chicago LLC acquired a new stake in shares of GraniteShares 2x Long NVDA Daily ETF during the 1st quarter valued at approximately $17,587,000. JPMorgan Chase & Co. raised its position in shares of GraniteShares 2x Long NVDA Daily ETF by 456.7% during the 4th quarter. JPMorgan Chase & Co. now owns 436,970 shares of the company’s stock valued at $29,010,000 after acquiring an additional 358,478 shares in the last quarter. Barclays PLC raised its position in shares of GraniteShares 2x Long NVDA Daily ETF by 50.4% during the 3rd quarter. Barclays PLC now owns 142,652 shares of the company’s stock valued at $8,301,000 after acquiring an additional 47,800 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV raised its position in shares of GraniteShares 2x Long NVDA Daily ETF by 1,006.7% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 128,102 shares of the company’s stock valued at $8,505,000 after acquiring an additional 116,527 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.