GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL – Get Free Report)’s share price dropped 4.1% on Monday . The stock traded as low as $29.76 and last traded at $30.20. 2,110,742 shares traded hands during trading, a decline of 92% from the average session volume of 25,426,969 shares. The stock had previously closed at $31.49.
GraniteShares 2x Long NVDA Daily ETF Stock Down 9.3%
The business’s 50 day moving average price is $32.59 and its 200-day moving average price is $30.31.
Institutional Investors Weigh In On GraniteShares 2x Long NVDA Daily ETF
Hedge funds and other institutional investors have recently bought and sold shares of the business. Tactive Advisors LLC raised its position in GraniteShares 2x Long NVDA Daily ETF by 389.5% in the 2nd quarter. Tactive Advisors LLC now owns 16,659 shares of the company’s stock valued at $497,000 after purchasing an additional 13,256 shares during the last quarter. 180 Wealth Advisors LLC grew its holdings in shares of GraniteShares 2x Long NVDA Daily ETF by 198.9% during the second quarter. 180 Wealth Advisors LLC now owns 14,923 shares of the company’s stock worth $445,000 after purchasing an additional 9,930 shares during the last quarter. CoreCap Advisors LLC increased its stake in shares of GraniteShares 2x Long NVDA Daily ETF by 200.0% in the second quarter. CoreCap Advisors LLC now owns 3,462 shares of the company’s stock valued at $103,000 after buying an additional 2,308 shares in the last quarter. Optiver Holding B.V. increased its stake in shares of GraniteShares 2x Long NVDA Daily ETF by 7.7% in the first quarter. Optiver Holding B.V. now owns 22,874 shares of the company’s stock valued at $1,660,000 after buying an additional 1,632 shares in the last quarter. Finally, Vestor Capital LLC increased its stake in shares of GraniteShares 2x Long NVDA Daily ETF by 3.9% in the first quarter. Vestor Capital LLC now owns 5,502 shares of the company’s stock valued at $399,000 after buying an additional 204 shares in the last quarter.
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.
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