Shares of GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL – Get Free Report) shot up 6.6% during trading on Wednesday . The company traded as high as $33.79 and last traded at $33.72. Approximately 10,282,927 shares traded hands during mid-day trading, a decline of 60% from the average daily volume of 25,771,070 shares. The stock had previously closed at $31.62.
GraniteShares 2x Long NVDA Daily ETF Trading Up 6.7%
The company’s fifty day moving average is $33.09 and its 200 day moving average is $30.26.
Hedge Funds Weigh In On GraniteShares 2x Long NVDA Daily ETF
Several hedge funds have recently modified their holdings of NVDL. Tactive Advisors LLC increased its position in shares of GraniteShares 2x Long NVDA Daily ETF by 389.5% in the second quarter. Tactive Advisors LLC now owns 16,659 shares of the company’s stock valued at $497,000 after acquiring an additional 13,256 shares during the last quarter. 180 Wealth Advisors LLC grew its stake in GraniteShares 2x Long NVDA Daily ETF by 198.9% in the second quarter. 180 Wealth Advisors LLC now owns 14,923 shares of the company’s stock valued at $445,000 after purchasing an additional 9,930 shares in the last quarter. CoreCap Advisors LLC increased its position in shares of GraniteShares 2x Long NVDA Daily ETF by 200.0% during the 2nd quarter. CoreCap Advisors LLC now owns 3,462 shares of the company’s stock worth $103,000 after purchasing an additional 2,308 shares during the last quarter. Optiver Holding B.V. increased its position in shares of GraniteShares 2x Long NVDA Daily ETF by 7.7% during the 1st quarter. Optiver Holding B.V. now owns 22,874 shares of the company’s stock worth $1,660,000 after purchasing an additional 1,632 shares during the last quarter. Finally, Vestor Capital LLC raised its stake in shares of GraniteShares 2x Long NVDA Daily ETF by 3.9% during the 1st quarter. Vestor Capital LLC now owns 5,502 shares of the company’s stock worth $399,000 after purchasing an additional 204 shares in the last quarter.
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.
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