Shares of GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL – Get Free Report) gapped up before the market opened on Monday. The stock had previously closed at $35.72, but opened at $37.18. GraniteShares 2x Long NVDA Daily ETF shares last traded at $37.57, with a volume of 6,186,207 shares trading hands.
GraniteShares 2x Long NVDA Daily ETF Stock Performance
The company has a fifty day moving average price of $33.78 and a two-hundred day moving average price of $32.08.
Hedge Funds Weigh In On GraniteShares 2x Long NVDA Daily ETF
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cherry Tree Wealth Management LLC raised its stake in shares of GraniteShares 2x Long NVDA Daily ETF by 255.9% during the second quarter. Cherry Tree Wealth Management LLC now owns 16,936 shares of the company’s stock valued at $505,000 after acquiring an additional 12,178 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of GraniteShares 2x Long NVDA Daily ETF by 200.0% in the second quarter. Sequoia Financial Advisors LLC now owns 15,945 shares of the company’s stock worth $475,000 after purchasing an additional 10,630 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in GraniteShares 2x Long NVDA Daily ETF in the second quarter valued at $43,000. Corient Private Wealth LP acquired a new stake in GraniteShares 2x Long NVDA Daily ETF in the second quarter valued at $2,777,000. Finally, Turner Financial Group Inc. bought a new position in GraniteShares 2x Long NVDA Daily ETF during the 2nd quarter worth $303,000.
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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