GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) Shares Gap Up to $31.21

Shares of GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) gapped up before the market opened on Tuesday . The stock had previously closed at $31.21, but opened at $32.20. GraniteShares 2x Long NVDA Daily ETF shares last traded at $32.30, with a volume of 5,020,038 shares changing hands.

GraniteShares 2x Long NVDA Daily ETF Price Performance

The firm’s fifty day moving average is $35.12 and its 200-day moving average is $21.74.

Institutional Trading of GraniteShares 2x Long NVDA Daily ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. AlphaMark Advisors LLC raised its holdings in GraniteShares 2x Long NVDA Daily ETF by 65.9% in the 4th quarter. AlphaMark Advisors LLC now owns 667 shares of the company’s stock valued at $60,000 after buying an additional 265 shares during the period. Headlands Technologies LLC raised its holdings in GraniteShares 2x Long NVDA Daily ETF by 567.6% in the 4th quarter. Headlands Technologies LLC now owns 494 shares of the company’s stock valued at $44,000 after buying an additional 420 shares during the period. NBC Securities Inc. purchased a new stake in GraniteShares 2x Long NVDA Daily ETF in the 1st quarter valued at about $59,000. Signaturefd LLC purchased a new stake in GraniteShares 2x Long NVDA Daily ETF in the 3rd quarter valued at about $153,000. Finally, Capital CS Group LLC purchased a new stake in GraniteShares 2x Long NVDA Daily ETF during the fourth quarter worth about $239,000.

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.