Short Interest in GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD) Increases By 27.6%

GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD) was the target of a large growth in short interest in May. As of May 31st, there was short interest totalling 870,800 shares, a growth of 27.6% from the May 15th total of 682,700 shares. Currently, 31.8% of the company’s stock are sold short. Based on an average daily trading volume, of 4,673,600 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new position in GraniteShares 2x Short NVDA Daily ETF in the fourth quarter worth $31,000. Simplex Trading LLC raised its stake in shares of GraniteShares 2x Short NVDA Daily ETF by 114.3% during the 1st quarter. Simplex Trading LLC now owns 4,758 shares of the company’s stock worth $164,000 after purchasing an additional 2,538 shares during the period. Tower Research Capital LLC TRC purchased a new position in shares of GraniteShares 2x Short NVDA Daily ETF in the 4th quarter worth about $300,000. Jane Street Group LLC grew its position in GraniteShares 2x Short NVDA Daily ETF by 85.9% during the first 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 during the period. Finally, Jump Financial LLC purchased a new stake in GraniteShares 2x Short NVDA Daily ETF during the first quarter worth about $1,284,000.

GraniteShares 2x Short NVDA Daily ETF Price Performance

NASDAQ:NVD opened at $15.29 on Wednesday. GraniteShares 2x Short NVDA Daily ETF has a one year low of $14.82 and a one year high of $84.50. The company has a market cap of $41.89 million, a PE ratio of -127.42 and a beta of -4.30. The firm has a 50-day moving average of $22.24 and a 200-day moving average of $27.47.

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.