GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) Shares Gap Down to $56.58

GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) gapped down prior to trading on Monday . The stock had previously closed at $56.58, but opened at $54.36. GraniteShares 2x Long NVDA Daily ETF shares last traded at $53.20, with a volume of 2,826,427 shares changing hands.

GraniteShares 2x Long NVDA Daily ETF Stock Performance

The company has a 50 day moving average of $58.25 and a 200-day moving average of $52.97.

Institutional Investors Weigh In On GraniteShares 2x Long NVDA Daily ETF

Several institutional investors and hedge funds have recently bought and sold shares of NVDL. Private Ocean LLC acquired a new stake in shares of GraniteShares 2x Long NVDA Daily ETF during the 2nd quarter worth approximately $35,000. National Bank of Canada FI acquired a new position in GraniteShares 2x Long NVDA Daily ETF during the 2nd quarter valued at about $42,000. Gilliland Jeter Wealth Management LLC acquired a new stake in shares of GraniteShares 2x Long NVDA Daily ETF in the second quarter valued at approximately $72,000. Hollencrest Capital Management raised its holdings in shares of GraniteShares 2x Long NVDA Daily ETF by 5,677.8% during the second 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 last quarter. Finally, NBC Securities Inc. bought a new stake in shares of GraniteShares 2x Long NVDA Daily ETF during the first quarter valued at approximately $59,000.

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.