GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) Shares Gap Down – Should You Sell?

Shares of GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) gapped down before the market opened on Wednesday . The stock had previously closed at $38.26, but opened at $36.30. GraniteShares 2x Long NVDA Daily ETF shares last traded at $37.74, with a volume of 2,870,620 shares changing hands.

GraniteShares 2x Long NVDA Daily ETF Price Performance

The business’s fifty day moving average price is $51.36 and its two-hundred day moving average price is $63.44.

Institutional Trading of GraniteShares 2x Long NVDA Daily ETF

Large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. lifted its position in GraniteShares 2x Long NVDA Daily ETF by 8.0% during the third quarter. JPMorgan Chase & Co. now owns 78,492 shares of the company’s stock valued at $4,567,000 after purchasing an additional 5,839 shares during the period. HighTower Advisors LLC purchased a new stake in shares of GraniteShares 2x Long NVDA Daily ETF in the third quarter worth about $210,000. Flow Traders U.S. LLC grew its holdings in GraniteShares 2x Long NVDA Daily ETF by 225.4% during the third quarter. Flow Traders U.S. LLC now owns 16,930 shares of the company’s stock worth $985,000 after acquiring an additional 11,727 shares during the period. Claro Advisors LLC raised its position in GraniteShares 2x Long NVDA Daily ETF by 31.6% during the fourth quarter. Claro Advisors LLC now owns 11,919 shares of the company’s stock valued at $791,000 after acquiring an additional 2,861 shares in the last quarter. Finally, Barclays PLC lifted its holdings in GraniteShares 2x Long NVDA Daily ETF by 50.4% in the third quarter. Barclays PLC now owns 142,652 shares of the company’s stock valued at $8,301,000 after acquiring an additional 47,800 shares during the period.

About GraniteShares 2x Long NVDA Daily ETF

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.