GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL – Get Free Report)’s share price fell 6% during mid-day trading on Tuesday . The stock traded as low as $84.93 and last traded at $84.9590. 2,690,751 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 18,619,787 shares. The stock had previously closed at $90.34.
GraniteShares 2x Long NVDA Daily ETF Trading Down 2.6%
The business’s 50 day moving average is $92.32 and its 200 day moving average is $77.78.
Hedge Funds Weigh In On GraniteShares 2x Long NVDA Daily ETF
Large investors have recently bought and sold shares of the business. IFP Advisors Inc increased its stake in GraniteShares 2x Long NVDA Daily ETF by 150.0% in the first quarter. IFP Advisors Inc now owns 1,000 shares of the company’s stock worth $37,000 after purchasing an additional 600 shares during the period. Chung Wu Investment Group LLC grew its holdings in shares of GraniteShares 2x Long NVDA Daily ETF by 350.0% in the third quarter. Chung Wu Investment Group LLC now owns 900 shares of the company’s stock worth $84,000 after purchasing an additional 700 shares during the last quarter. CWM LLC purchased a new position in GraniteShares 2x Long NVDA Daily ETF in the 3rd quarter worth about $94,000. Spire Wealth Management lifted its holdings in GraniteShares 2x Long NVDA Daily ETF by 3,483.3% during the 3rd quarter. Spire Wealth Management now owns 1,075 shares of the company’s stock valued at $101,000 after buying an additional 1,045 shares in the last quarter. Finally, Signaturefd LLC bought a new stake in GraniteShares 2x Long NVDA Daily ETF during the 1st quarter valued at about $112,000.
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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