GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) Short Interest Up 37.9% in October

GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totaling 13,280,000 shares, a growth of 37.9% from the September 30th total of 9,630,000 shares. Based on an average daily trading volume, of 13,147,900 shares, the days-to-cover ratio is presently 1.0 days. Currently, 26.1% of the company’s stock are sold short. Currently, 26.1% of the company’s stock are sold short. Based on an average daily trading volume, of 13,147,900 shares, the days-to-cover ratio is presently 1.0 days.

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

Several institutional investors have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC bought a new stake in GraniteShares 2x Long NVDA Daily ETF during the third quarter worth $224,000. GatePass Capital LLC grew its stake in GraniteShares 2x Long NVDA Daily ETF by 12.9% in the 3rd quarter. GatePass Capital LLC now owns 17,981 shares of the company’s stock valued at $1,683,000 after purchasing an additional 2,049 shares during the period. APEIRON CAPITAL Ltd bought a new position in GraniteShares 2x Long NVDA Daily ETF in the 3rd quarter valued at $88,003,000. ZEGA Investments LLC bought a new position in GraniteShares 2x Long NVDA Daily ETF in the 3rd quarter valued at $651,000. Finally, SG Americas Securities LLC bought a new position in GraniteShares 2x Long NVDA Daily ETF in the 3rd quarter valued at $459,000.

GraniteShares 2x Long NVDA Daily ETF Trading Up 4.4%

GraniteShares 2x Long NVDA Daily ETF stock traded up $4.75 during trading on Monday, hitting $112.73. 12,499,607 shares of the company were exchanged, compared to its average volume of 18,999,479. The business’s 50 day moving average is $89.66 and its 200 day moving average is $73.32. GraniteShares 2x Long NVDA Daily ETF has a 52 week low of $23.12 and a 52 week high of $118.50.

GraniteShares 2x Long NVDA Daily ETF Company Profile

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.