GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD – Get Free Report) was the target of a significant decline in short interest in October. As of October 15th, there was short interest totaling 1,720,245 shares, a decline of 49.0% from the September 30th total of 3,373,054 shares. Currently, 12.7% of the shares of the company are sold short. Based on an average trading volume of 77,746,139 shares, the short-interest ratio is presently 0.0 days.
GraniteShares 2x Short NVDA Daily ETF Trading Up 8.3%
Shares of GraniteShares 2x Short NVDA Daily ETF stock traded up $0.34 on Friday, reaching $4.43. 143,157,323 shares of the stock were exchanged, compared to its average volume of 76,886,938. GraniteShares 2x Short NVDA Daily ETF has a 1-year low of $3.19 and a 1-year high of $9.76. The business has a fifty day moving average price of $3.87 and a two-hundred day moving average price of $5.33. The firm has a market capitalization of $67.82 million, a PE ratio of -36.92 and a beta of -3.07.
Hedge Funds Weigh In On GraniteShares 2x Short NVDA Daily ETF
Several institutional investors and hedge funds have recently added to or reduced their stakes in NVD. IMC Chicago LLC acquired a new position in GraniteShares 2x Short NVDA Daily ETF during the 1st quarter worth approximately $2,222,000. Optiver Holding B.V. lifted its holdings in shares of GraniteShares 2x Short NVDA Daily ETF by 1,209.1% in the 1st 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 during the period. Genesis Financial Group LLC lifted its holdings in shares of GraniteShares 2x Short NVDA Daily ETF by 67.3% in the 1st quarter. Genesis Financial Group LLC now owns 114,888 shares of the company’s stock valued at $867,000 after buying an additional 46,225 shares during the period. Group One Trading LLC acquired a new stake in shares of GraniteShares 2x Short NVDA Daily ETF in the 1st quarter valued at approximately $262,000. Finally, MWA Asset Management purchased a new stake in shares of GraniteShares 2x Short NVDA Daily ETF in the first quarter valued at approximately $83,000.
About GraniteShares 2x Short NVDA Daily ETF
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.
See Also
- Five stocks we like better than GraniteShares 2x Short NVDA Daily ETF
- Starbucks Says Its Turnaround Is Done—The Numbers Make a Strong Case (With 1 Catch)
- 3 Robotics ETFs, 3 Different Ways to Bet on Humanoid Robots
- Can Microsoft Turn a Leaner Workforce and Record AI Spending Into Bigger Profits?
- Why JFrog Could Be the Software Infrastructure Company to Beat in the AI Boom
Receive News & Ratings for GraniteShares 2x Short NVDA Daily ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GraniteShares 2x Short NVDA Daily ETF and related companies with MarketBeat.com's FREE daily email newsletter.
