GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD – Get Free Report) shares gapped up before the market opened on Monday . The stock had previously closed at $3.99, but opened at $4.26. GraniteShares 2x Short NVDA Daily ETF shares last traded at $4.2350, with a volume of 75,448,941 shares changing hands.
GraniteShares 2x Short NVDA Daily ETF Trading Down 0.9%
The company has a market cap of $589.11 billion, a PE ratio of -35.17 and a beta of -3.08. The business has a 50 day simple moving average of $4.37 and a two-hundred day simple moving average of $5.32.
Institutional Trading of GraniteShares 2x Short NVDA Daily ETF
A number of institutional investors and hedge funds have recently made changes to their positions in NVD. MWA Asset Management acquired a new stake in GraniteShares 2x Short NVDA Daily ETF during the first quarter worth about $83,000. Group One Trading LLC purchased a new stake in shares of GraniteShares 2x Short NVDA Daily ETF during the first quarter valued at approximately $262,000. Genesis Financial Group LLC increased its position in shares of 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 acquiring an additional 46,225 shares during the last quarter. Optiver Holding B.V. raised its position 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 purchasing an additional 162,267 shares in the last quarter. Finally, IMC Chicago LLC bought a new stake in shares of GraniteShares 2x Short NVDA Daily ETF in the 1st quarter worth about $2,222,000.
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.
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