NewEdge Advisors LLC Sells 4,695 Shares of GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL)

NewEdge Advisors LLC reduced its position in shares of GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) by 26.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,333 shares of the company’s stock after selling 4,695 shares during the quarter. NewEdge Advisors LLC’s holdings in GraniteShares 2x Long NVDA Daily ETF were worth $885,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of NVDL. Oriental Harbor Investment Fund purchased a new position in shares of GraniteShares 2x Long NVDA Daily ETF during the third quarter valued at $27,892,000. JPMorgan Chase & Co. increased its position in GraniteShares 2x Long NVDA Daily ETF by 456.7% during the 4th quarter. JPMorgan Chase & Co. now owns 436,970 shares of the company’s stock valued at $29,010,000 after purchasing an additional 358,478 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of GraniteShares 2x Long NVDA Daily ETF in the 4th quarter valued at about $3,307,000. Barclays PLC lifted its position in shares of GraniteShares 2x Long NVDA Daily ETF by 50.4% in the 3rd quarter. Barclays PLC now owns 142,652 shares of the company’s stock worth $8,301,000 after purchasing an additional 47,800 shares during the period. Finally, Prosperity Wealth Management Inc. bought a new position in shares of GraniteShares 2x Long NVDA Daily ETF during the fourth quarter valued at approximately $1,202,000.

GraniteShares 2x Long NVDA Daily ETF Price Performance

Shares of NASDAQ:NVDL opened at $36.23 on Friday. The firm has a 50 day moving average of $41.00 and a 200 day moving average of $59.94. GraniteShares 2x Long NVDA Daily ETF has a 52 week low of $23.12 and a 52 week high of $91.70.

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.