GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) Shares Gap Up to $38.44

GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) gapped up before the market opened on Wednesday . The stock had previously closed at $38.44, but opened at $39.25. GraniteShares 2x Long NVDA Daily ETF shares last traded at $38.00, with a volume of 2,803,662 shares trading hands.

GraniteShares 2x Long NVDA Daily ETF Stock Down 2.4 %

The company has a 50 day moving average of $34.38 and a two-hundred day moving average of $21.16.

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

Several hedge funds have recently bought and sold shares of NVDL. AlphaMark Advisors LLC bought a new stake in shares of GraniteShares 2x Long NVDA Daily ETF in the 3rd quarter worth approximately $34,000. Headlands Technologies LLC grew its stake in shares of GraniteShares 2x Long NVDA Daily ETF by 567.6% in the fourth quarter. Headlands Technologies LLC now owns 494 shares of the company’s stock worth $44,000 after acquiring an additional 420 shares during the last quarter. NBC Securities Inc. purchased a new stake in GraniteShares 2x Long NVDA Daily ETF in the first quarter worth approximately $59,000. Signaturefd LLC bought a new stake in GraniteShares 2x Long NVDA Daily ETF in the 3rd quarter worth approximately $153,000. Finally, UBS Group AG purchased a new stake in GraniteShares 2x Long NVDA Daily ETF during the 1st quarter valued at $153,000.

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.