GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL – Get Free Report)’s stock price dropped 6.9% on Monday . The company traded as low as $33.83 and last traded at $35.37. Approximately 6,090,062 shares traded hands during trading, a decline of 71% from the average daily volume of 21,127,122 shares. The stock had previously closed at $38.00.
GraniteShares 2x Long NVDA Daily ETF Price Performance
The company’s 50-day simple moving average is $51.36 and its 200-day simple moving average is $63.44.
Hedge Funds Weigh In On GraniteShares 2x Long NVDA Daily ETF
Hedge funds and other institutional investors have recently modified their holdings of the stock. IFP Advisors Inc acquired a new position in shares of GraniteShares 2x Long NVDA Daily ETF in the fourth quarter worth about $27,000. Tower Research Capital LLC TRC lifted its position in shares of GraniteShares 2x Long NVDA Daily ETF by 26.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,088 shares of the company’s stock valued at $72,000 after acquiring an additional 229 shares in the last quarter. Spire Wealth Management purchased a new stake in shares of GraniteShares 2x Long NVDA Daily ETF in the 4th quarter valued at approximately $78,000. CoreCap Advisors LLC boosted its stake in GraniteShares 2x Long NVDA Daily ETF by 530.0% in the 4th quarter. CoreCap Advisors LLC now owns 1,575 shares of the company’s stock worth $105,000 after purchasing an additional 1,325 shares during the period. Finally, Safe Harbor Fiduciary LLC purchased a new position in GraniteShares 2x Long NVDA Daily ETF during the 3rd quarter worth approximately $153,000.
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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