GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD – Get Free Report) was the recipient of a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 2,383,504 shares, a decrease of 52.2% from the May 14th total of 4,981,217 shares. Based on an average daily trading volume, of 60,923,996 shares, the short-interest ratio is presently 0.0 days. Approximately 12.4% of the company’s stock are short sold.
GraniteShares 2x Short NVDA Daily ETF Price Performance
Shares of NVD stock traded down $0.02 during trading hours on Friday, reaching $5.02. 60,518,935 shares of the stock were exchanged, compared to its average volume of 72,515,250. The business’s fifty day moving average is $5.28 and its two-hundred day moving average is $6.76. GraniteShares 2x Short NVDA Daily ETF has a 12-month low of $3.93 and a 12-month high of $15.98. The firm has a market capitalization of $96.23 million, a P/E ratio of -41.83 and a beta of -3.01.
Institutional Trading of GraniteShares 2x Short NVDA Daily ETF
A number of large investors have recently made changes to their positions in the company. Jump Financial LLC increased its stake in shares of GraniteShares 2x Short NVDA Daily ETF by 1,202.4% during the fourth quarter. Jump Financial LLC now owns 390,688 shares of the company’s stock worth $2,793,000 after buying an additional 360,690 shares during the period. IMC Chicago LLC purchased a new stake in shares of GraniteShares 2x Short NVDA Daily ETF during the first quarter worth approximately $2,222,000. Optiver Holding B.V. increased its stake in shares of GraniteShares 2x Short NVDA Daily ETF by 1,209.1% during the first quarter. Optiver Holding B.V. now owns 175,687 shares of the company’s stock worth $1,326,000 after buying an additional 162,267 shares during the period. Genesis Financial Group LLC increased its stake in shares of GraniteShares 2x Short NVDA Daily ETF by 67.3% during the first quarter. Genesis Financial Group LLC now owns 114,888 shares of the company’s stock worth $867,000 after buying an additional 46,225 shares during the period. Finally, Jane Street Group LLC boosted its holdings in GraniteShares 2x Short NVDA Daily ETF by 85.9% in the first quarter. Jane Street Group LLC now owns 58,700 shares of the company’s stock valued at $2,032,000 after purchasing an additional 27,126 shares in the last quarter.
GraniteShares 2x Short NVDA Daily ETF Company Profile
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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