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

GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $90.34, but opened at $99.10. GraniteShares 2x Long NVDA Daily ETF shares last traded at $97.2390, with a volume of 6,874,168 shares trading hands.

GraniteShares 2x Long NVDA Daily ETF Stock Performance

The company has a 50-day simple moving average of $92.53 and a 200-day simple moving average of $78.20.

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

Hedge funds have recently bought and sold shares of the business. IFP Advisors Inc boosted its stake in shares of GraniteShares 2x Long NVDA Daily ETF by 150.0% during the first quarter. IFP Advisors Inc now owns 1,000 shares of the company’s stock valued at $37,000 after purchasing an additional 600 shares during the period. Vestor Capital LLC increased its stake in GraniteShares 2x Long NVDA Daily ETF by 91.7% in the 1st quarter. Vestor Capital LLC now owns 4,600 shares of the company’s stock worth $172,000 after buying an additional 2,200 shares during the period. XTX Topco Ltd bought a new stake in GraniteShares 2x Long NVDA Daily ETF during the 1st quarter valued at about $658,000. Kovitz Investment Group Partners LLC boosted its position in GraniteShares 2x Long NVDA Daily ETF by 60.0% in the 1st quarter. Kovitz Investment Group Partners LLC now owns 8,000 shares of the company’s stock valued at $299,000 after buying an additional 3,000 shares during the period. Finally, Cresset Asset Management LLC grew its stake in GraniteShares 2x Long NVDA Daily ETF by 65.7% in the 1st quarter. Cresset Asset Management LLC now owns 11,600 shares of the company’s stock worth $434,000 after acquiring an additional 4,600 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.