GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) Short Interest Up 362.5% in April

GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) was the recipient of a large increase in short interest in April. As of April 15th, there was short interest totalling 3,840,000 shares, an increase of 362.5% from the March 31st total of 830,200 shares. Based on an average daily trading volume, of 13,462,600 shares, the days-to-cover ratio is presently 0.3 days.

GraniteShares 2x Long NVDA Daily ETF Stock Up 7.2 %

NASDAQ:NVDL traded up $2.24 during trading hours on Thursday, hitting $33.49. 16,478,637 shares of the stock were exchanged, compared to its average volume of 11,854,355. The company’s 50 day moving average is $35.61 and its two-hundred day moving average is $22.03. GraniteShares 2x Long NVDA Daily ETF has a twelve month low of $7.31 and a twelve month high of $49.21.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. AlphaMark Advisors LLC bought a new stake in shares of GraniteShares 2x Long NVDA Daily ETF in the 3rd quarter valued at $34,000. Headlands Technologies LLC increased its position in shares of GraniteShares 2x Long NVDA Daily ETF by 567.6% in the 4th quarter. Headlands Technologies LLC now owns 494 shares of the company’s stock valued at $44,000 after buying an additional 420 shares in the last quarter. NBC Securities Inc. bought a new stake in shares of GraniteShares 2x Long NVDA Daily ETF in the 1st quarter valued at $59,000. Signaturefd LLC bought a new stake in shares of GraniteShares 2x Long NVDA Daily ETF in the 3rd quarter valued at $153,000. Finally, Banque Cantonale Vaudoise bought a new stake in shares of GraniteShares 2x Long NVDA Daily ETF in the 1st quarter valued at $201,000.

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.