Shares of GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD – Get Free Report) rose 2.6% during trading on Monday . The company traded as high as $4.58 and last traded at $4.42. Approximately 86,931,696 shares traded 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 Price Performance
The firm has a market cap of $84.16 million, a P/E ratio of -36.58 and a beta of -3.08. The company’s 50-day moving average is $6.19 and its two-hundred day moving average is $7.13.
Institutional Trading of GraniteShares 2x Short NVDA Daily ETF
A number of institutional investors and hedge funds have recently made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new position in shares of GraniteShares 2x Short NVDA Daily ETF during the 4th quarter worth $43,000. SBI Securities Co. Ltd. increased its holdings in GraniteShares 2x Short NVDA Daily ETF by 261.1% in the third quarter. SBI Securities Co. Ltd. now owns 5,186 shares of the company’s stock valued at $45,000 after purchasing an additional 3,750 shares during the period. MWA Asset Management acquired a new position in shares of GraniteShares 2x Short NVDA Daily ETF in the first quarter worth approximately $83,000. HRT Financial LP acquired a new stake in shares of GraniteShares 2x Short NVDA Daily ETF during the fourth quarter worth $119,000. Finally, Hamilton Wealth LLC bought a new position in shares of GraniteShares 2x Short NVDA Daily ETF in the 3rd quarter worth about $164,000.
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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