GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL – Get Free Report) shot up 5.5% on Tuesday . The stock traded as high as $33.21 and last traded at $33.06. 4,657,048 shares traded hands during mid-day trading, a decline of 80% from the average session volume of 23,716,510 shares. The stock had previously closed at $31.34.
GraniteShares 2x Long NVDA Daily ETF Stock Performance
The business has a 50 day moving average of $31.74 and a 200-day moving average of $31.01.
Institutional Investors Weigh In On GraniteShares 2x Long NVDA Daily ETF
Several hedge funds and other institutional investors have recently modified their holdings of NVDL. Vestor Capital LLC increased its position 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 worth $399,000 after purchasing an additional 204 shares during the last quarter. Tactive Advisors LLC lifted its position in GraniteShares 2x Long NVDA Daily ETF by 8.1% during the first quarter. Tactive Advisors LLC now owns 3,403 shares of the company’s stock valued at $247,000 after purchasing an additional 254 shares during the last quarter. Parallel Advisors LLC lifted its position in GraniteShares 2x Long NVDA Daily ETF by 104.3% during the fourth quarter. Parallel Advisors LLC now owns 613 shares of the company’s stock valued at $54,000 after purchasing an additional 313 shares during the last quarter. Financial Life Planners bought a new stake in GraniteShares 2x Long NVDA Daily ETF during the first quarter valued at approximately $25,000. Finally, Sigma Planning Corp grew its stake in GraniteShares 2x Long NVDA Daily ETF by 4.9% in the 4th quarter. Sigma Planning Corp now owns 11,645 shares of the company’s stock worth $1,025,000 after buying an additional 545 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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