Shares of GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD – Get Free Report) crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $5.28 and traded as high as $5.48. GraniteShares 2x Short NVDA Daily ETF shares last traded at $5.47, with a volume of 127,142,573 shares traded.
GraniteShares 2x Short NVDA Daily ETF Stock Performance
The business’s 50 day moving average price is $3.90 and its two-hundred day moving average price is $5.28. The company has a market capitalization of $79.70 million, a price-to-earnings ratio of -45.58 and a beta of -3.18.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. LexAurum Advisors LLC lifted its stake in GraniteShares 2x Short NVDA Daily ETF by 9.5% during the third quarter. LexAurum Advisors LLC now owns 57,515 shares of the company’s stock valued at $209,000 after buying an additional 5,000 shares in the last quarter. MWA Asset Management acquired a new position in GraniteShares 2x Short NVDA Daily ETF in the 1st quarter worth approximately $83,000. Group One Trading LLC purchased a new position in shares of GraniteShares 2x Short NVDA Daily ETF during the first quarter valued at $262,000. Genesis Financial Group LLC raised 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 valued at $867,000 after buying an additional 46,225 shares during the period. Finally, StoneX Group Inc. acquired a new position in GraniteShares 2x Short NVDA Daily ETF during the third quarter valued at $236,000.
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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