Renaissance Technologies LLC acquired a new stake in GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL – Free Report) during the 1st quarter, Holdings Channel.com reports. The fund acquired 81,400 shares of the company’s stock, valued at approximately $5,907,000.
Several other institutional investors have also added to or reduced their stakes in NVDL. Financial Life Planners bought a new stake in shares of GraniteShares 2x Long NVDA Daily ETF in the 1st quarter worth $25,000. Parallel Advisors LLC boosted its position in shares of 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 buying an additional 313 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in GraniteShares 2x Long NVDA Daily ETF in the 3rd quarter worth about $88,000. Headlands Technologies LLC raised its position in GraniteShares 2x Long NVDA Daily ETF by 953.1% in the 2nd quarter. Headlands Technologies LLC now owns 1,685 shares of the company’s stock worth $119,000 after buying an additional 1,525 shares during the last quarter. Finally, Safe Harbor Fiduciary LLC purchased a new position in GraniteShares 2x Long NVDA Daily ETF in the 4th quarter worth about $136,000.
GraniteShares 2x Long NVDA Daily ETF Stock Performance
NVDL opened at $34.95 on Thursday. The company’s 50-day simple moving average is $31.52 and its two-hundred day simple moving average is $30.36. GraniteShares 2x Long NVDA Daily ETF has a 52-week low of $21.54 and a 52-week high of $43.27.
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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