Shares of GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL – Get Free Report) gapped up prior to trading on Tuesday. The stock had previously closed at $28.24, but opened at $29.83. GraniteShares 2x Long NVDA Daily ETF shares last traded at $29.6630, with a volume of 1,930,629 shares trading hands.
GraniteShares 2x Long NVDA Daily ETF Price Performance
The company has a 50-day moving average price of $34.61 and a 200-day moving average price of $31.72.
Hedge Funds Weigh In On GraniteShares 2x Long NVDA Daily ETF
Several hedge funds have recently added to or reduced their stakes in the stock. IFP Advisors Inc bought a new position in shares of GraniteShares 2x Long NVDA Daily ETF during the third quarter worth $26,000. Integrated Wealth Concepts LLC acquired a new position in shares of GraniteShares 2x Long NVDA Daily ETF in the 2nd quarter valued at $43,000. CoreCap Advisors LLC increased its position in shares of GraniteShares 2x Long NVDA Daily ETF by 200.0% in the 2nd 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. 180 Wealth Advisors LLC increased its position in shares of GraniteShares 2x Long NVDA Daily ETF by 35.1% in the 1st quarter. 180 Wealth Advisors LLC now owns 4,993 shares of the company’s stock valued at $362,000 after buying an additional 1,297 shares in the last quarter. Finally, Vestor Capital LLC increased its position in shares of GraniteShares 2x Long NVDA Daily ETF by 3.9% in the 1st 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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