Shares of GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD – Get Free Report) traded up 6% during mid-day trading on Thursday. The stock traded as high as $3.57 and last traded at $3.55. Approximately 73,816,815 shares changed hands during trading, a decline of 0% from the average session volume of 74,146,758 shares. The stock had previously closed at $3.35.
GraniteShares 2x Short NVDA Daily ETF Stock Up 0.8%
The stock has a market capitalization of $69.13 million, a P/E ratio of -29.83 and a beta of -3.07. The firm’s 50-day simple moving average is $3.91 and its 200 day simple moving average is $4.89.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of NVD. MWA Asset Management bought a new stake in shares of GraniteShares 2x Short NVDA Daily ETF in the 1st quarter valued at approximately $83,000. Group One Trading LLC bought a new position in shares of GraniteShares 2x Short NVDA Daily ETF during the 1st quarter valued at $262,000. Genesis Financial Group LLC increased its position in 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 last quarter. Optiver Holding B.V. raised its holdings in 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 valued at $1,326,000 after buying an additional 162,267 shares in the last quarter. Finally, IMC Chicago LLC acquired a new stake in shares of GraniteShares 2x Short NVDA Daily ETF in the first quarter worth about $2,222,000.
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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