GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD – Get Free Report)’s stock price rose 2.6% during trading on Monday . The stock traded as high as $4.58 and last traded at $4.42. Approximately 86,931,696 shares changed hands during mid-day trading, an increase of 16% from the average daily volume of 75,096,313 shares. The stock had previously closed at $4.31.
GraniteShares 2x Short NVDA Daily ETF Stock Performance
The company has a market capitalization of $84.73 million, a P/E ratio of -36.83 and a beta of -3.08. The stock has a fifty day moving average of $6.30 and a 200 day moving average of $7.16.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC lifted its position in shares of GraniteShares 2x Short NVDA Daily ETF by 85.9% during the 1st quarter. Jane Street Group LLC now owns 58,700 shares of the company’s stock valued at $2,032,000 after buying an additional 27,126 shares in the last quarter. StoneX Group Inc. increased its stake in shares of GraniteShares 2x Short NVDA Daily ETF by 83.0% in the second quarter. StoneX Group Inc. now owns 15,879 shares of the company’s stock worth $201,000 after purchasing an additional 7,200 shares in the last quarter. Jump Financial LLC raised its position in shares of GraniteShares 2x Short NVDA Daily ETF by 402.9% during the 2nd quarter. Jump Financial LLC now owns 186,494 shares of the company’s stock valued at $2,357,000 after purchasing an additional 149,408 shares during the period. Group One Trading LLC lifted its stake in shares of GraniteShares 2x Short NVDA Daily ETF by 43.6% during the 2nd quarter. Group One Trading LLC now owns 17,241 shares of the company’s stock valued at $218,000 after buying an additional 5,237 shares in the last quarter. Finally, Trek Financial LLC bought a new position in GraniteShares 2x Short NVDA Daily ETF in the 3rd quarter worth $8,056,000.
About GraniteShares 2x Short NVDA Daily ETF
The GraniteShares 2x Short NVDA Daily ETF (NVD) is an exchange-traded fund that mostly invests in information technology equity. The fund provides 2x inverse leveraged exposure, less fees and expenses, to the daily price movement for shares of NVIDIA Corporation stock. NVD was launched on Aug 21, 2023 and is issued by GraniteShares.
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