GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) Trading 4.3% Higher – What’s Next?

Shares of GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) traded up 4.3% on Tuesday . The stock traded as high as $89.50 and last traded at $89.3530. 5,128,314 shares changed hands during mid-day trading, a decline of 72% from the average session volume of 18,132,902 shares. The stock had previously closed at $85.68.

GraniteShares 2x Long NVDA Daily ETF Stock Up 5.2%

The company has a fifty day moving average of $89.72 and a 200 day moving average of $83.82.

Institutional Trading of GraniteShares 2x Long NVDA Daily ETF

A number of large investors have recently bought and sold shares of the business. CreativeOne Wealth LLC bought a new stake in shares of GraniteShares 2x Long NVDA Daily ETF in the 2nd quarter valued at $350,000. 180 Wealth Advisors LLC bought a new stake in GraniteShares 2x Long NVDA Daily ETF in the second quarter valued at $446,000. World Investment Advisors acquired a new position in shares of GraniteShares 2x Long NVDA Daily ETF during the second quarter valued at about $352,000. Flagstar Advisors Inc. bought a new position in shares of GraniteShares 2x Long NVDA Daily ETF during the 2nd quarter worth about $232,000. Finally, Vestor Capital LLC grew its stake in shares of GraniteShares 2x Long NVDA Daily ETF by 54.6% in the 2nd quarter. Vestor Capital LLC now owns 7,112 shares of the company’s stock valued at $503,000 after buying an additional 2,512 shares during the period.

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.