GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL – Get Free Report) was the target of some unusual options trading on Thursday. Stock traders acquired 45,101 call options on the stock. This is an increase of 66% compared to the average volume of 27,203 call options.
GraniteShares 2x Long NVDA Daily ETF Price Performance
NASDAQ:NVDL traded up $5.40 on Thursday, hitting $37.15. The company had a trading volume of 40,895,055 shares, compared to its average volume of 23,906,184. GraniteShares 2x Long NVDA Daily ETF has a 52 week low of $21.54 and a 52 week high of $43.27. The firm has a 50 day moving average of $31.74 and a two-hundred day moving average of $31.01.
Institutional Investors Weigh In On GraniteShares 2x Long NVDA Daily ETF
A number of hedge funds and other institutional investors have recently bought and sold shares of NVDL. Goldman Sachs Group Inc. bought a new position in GraniteShares 2x Long NVDA Daily ETF in the fourth quarter valued at about $30,804,000. Renaissance Technologies LLC acquired a new position in shares of GraniteShares 2x Long NVDA Daily ETF in the first quarter valued at approximately $5,907,000. Hoey Investments Inc. increased its stake in shares of GraniteShares 2x Long NVDA Daily ETF by 12.6% in the first quarter. Hoey Investments Inc. now owns 44,234 shares of the company’s stock valued at $3,210,000 after buying an additional 4,935 shares during the period. Harvest Fund Management Co. Ltd raised its holdings in GraniteShares 2x Long NVDA Daily ETF by 105.0% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 41,152 shares of the company’s stock valued at $3,622,000 after buying an additional 21,073 shares during the last quarter. Finally, NewEdge Advisors LLC raised its holdings in GraniteShares 2x Long NVDA Daily ETF by 3.7% in the 3rd quarter. NewEdge Advisors LLC now owns 35,485 shares of the company’s stock valued at $3,322,000 after buying an additional 1,251 shares during 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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