Investors Purchase High Volume of GraniteShares 2x Long NVDA Daily ETF Call Options (NASDAQ:NVDL)

GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) saw some unusual options trading activity on Thursday. Investors purchased 45,101 call options on the company. This is an increase of approximately 66% compared to the typical volume of 27,203 call options.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in NVDL. Turner Financial Group Inc. bought a new stake in shares of GraniteShares 2x Long NVDA Daily ETF in the second quarter valued at approximately $303,000. Tactive Advisors LLC grew its holdings in shares of GraniteShares 2x Long NVDA Daily ETF by 389.5% during the 2nd quarter. Tactive Advisors LLC now owns 16,659 shares of the company’s stock worth $497,000 after purchasing an additional 13,256 shares in the last quarter. 180 Wealth Advisors LLC increased its position in shares of GraniteShares 2x Long NVDA Daily ETF by 198.9% in the second quarter. 180 Wealth Advisors LLC now owns 14,923 shares of the company’s stock worth $445,000 after purchasing an additional 9,930 shares during the period. CoreCap Advisors LLC increased its position in shares of GraniteShares 2x Long NVDA Daily ETF by 200.0% in the second quarter. CoreCap Advisors LLC now owns 3,462 shares of the company’s stock worth $103,000 after purchasing an additional 2,308 shares during the period. Finally, Optiver Holding B.V. raised its stake in GraniteShares 2x Long NVDA Daily ETF by 7.7% in the first quarter. Optiver Holding B.V. now owns 22,874 shares of the company’s stock valued at $1,660,000 after purchasing an additional 1,632 shares in the last quarter.

GraniteShares 2x Long NVDA Daily ETF Price Performance

NASDAQ:NVDL traded up $5.40 during mid-day trading on Thursday, reaching $37.15. 40,895,055 shares of the company’s stock were exchanged, compared to its average volume of 23,906,184. GraniteShares 2x Long NVDA Daily ETF has a one year low of $21.54 and a one year high of $43.27. The business’s fifty day simple moving average is $31.74 and its two-hundred day simple moving average is $31.01.

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.