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

GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) shares gapped up prior to trading on Monday . The stock had previously closed at $92.74, but opened at $99.46. GraniteShares 2x Long NVDA Daily ETF shares last traded at $99.1490, with a volume of 6,181,975 shares trading hands.

GraniteShares 2x Long NVDA Daily ETF Stock Performance

The business has a 50-day moving average price of $90.38 and a two-hundred day moving average price of $75.22.

Hedge Funds Weigh In On GraniteShares 2x Long NVDA Daily ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. APEIRON CAPITAL Ltd bought a new position in shares of GraniteShares 2x Long NVDA Daily ETF in the 3rd quarter worth $88,003,000. Flow Traders U.S. LLC acquired a new position in GraniteShares 2x Long NVDA Daily ETF in the first quarter valued at about $3,950,000. Stevens Capital Management LP bought a new position in GraniteShares 2x Long NVDA Daily ETF during the third quarter worth about $3,895,000. Client First Investment Management LLC bought a new position in GraniteShares 2x Long NVDA Daily ETF during the second quarter worth about $2,715,000. Finally, Hoey Investments Inc. grew its position in shares of GraniteShares 2x Long NVDA Daily ETF by 2.5% during the 2nd quarter. Hoey Investments Inc. now owns 36,656 shares of the company’s stock worth $2,581,000 after buying an additional 905 shares during the period.

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.