GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) Stock Price Down 2.4% – What’s Next?

GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) shares traded down 2.4% during mid-day trading on Thursday . The stock traded as low as $70.07 and last traded at $70.97. 4,784,283 shares traded hands during trading, a decline of 73% from the average session volume of 17,743,818 shares. The stock had previously closed at $72.69.

GraniteShares 2x Long NVDA Daily ETF Stock Down 4.0 %

The firm’s 50-day moving average price is $74.18 and its 200-day moving average price is $66.88.

Institutional Trading of GraniteShares 2x Long NVDA Daily ETF

Institutional investors have recently added to or reduced their stakes in the business. Private Ocean LLC acquired a new position in shares of GraniteShares 2x Long NVDA Daily ETF during the second quarter worth about $35,000. National Bank of Canada FI acquired a new stake in shares of GraniteShares 2x Long NVDA Daily ETF in the second quarter valued at about $42,000. Hollencrest Capital Management raised its holdings in shares of GraniteShares 2x Long NVDA Daily ETF by 5,677.8% during the 2nd quarter. Hollencrest Capital Management now owns 1,040 shares of the company’s stock valued at $72,000 after buying an additional 1,022 shares during the period. Centaurus Financial Inc. acquired a new position in GraniteShares 2x Long NVDA Daily ETF during the 3rd quarter worth approximately $134,000. Finally, Gilliland Jeter Wealth Management LLC boosted its holdings in GraniteShares 2x Long NVDA Daily ETF by 144.9% in the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 2,535 shares of the company’s stock worth $148,000 after acquiring an additional 1,500 shares during the period.

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.