GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD) Sees Significant Increase in Short Interest

GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 1,927,445 shares, an increase of 27.1% from the December 15th total of 1,516,363 shares. Currently, 15.0% of the shares of the company are sold short. Based on an average daily trading volume, of 30,904,160 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 30,904,160 shares, the short-interest ratio is currently 0.1 days. Currently, 15.0% of the shares of the company are sold short.

GraniteShares 2x Short NVDA Daily ETF Trading Up 1.1%

NASDAQ NVD traded up $0.08 on Friday, hitting $7.17. 46,930,008 shares of the company’s stock traded hands, compared to its average volume of 56,785,656. The firm has a market capitalization of $84.46 million, a PE ratio of -59.75 and a beta of -3.35. GraniteShares 2x Short NVDA Daily ETF has a 1-year low of $6.51 and a 1-year high of $51.62. The firm’s 50-day moving average price is $8.07 and its two-hundred day moving average price is $9.08.

GraniteShares 2x Short NVDA Daily ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 29th were issued a $0.8456 dividend. This represents a c) annualized dividend and a dividend yield of 141.5%. The ex-dividend date of this dividend was Monday, December 29th. GraniteShares 2x Short NVDA Daily ETF’s payout ratio is -700.00%.

Institutional Trading of GraniteShares 2x Short NVDA Daily ETF

A number of hedge funds have recently added to or reduced their stakes in NVD. SBI Securities Co. Ltd. increased its holdings in GraniteShares 2x Short NVDA Daily ETF by 261.1% in the third quarter. SBI Securities Co. Ltd. now owns 5,186 shares of the company’s stock valued at $45,000 after buying an additional 3,750 shares in the last quarter. MWA Asset Management purchased a new position in shares of GraniteShares 2x Short NVDA Daily ETF in the 3rd quarter valued at about $87,000. StoneX Group Inc. raised its stake in shares of GraniteShares 2x Short NVDA Daily ETF by 83.0% during the 2nd quarter. StoneX Group Inc. now owns 15,879 shares of the company’s stock worth $201,000 after buying an additional 7,200 shares during the period. Group One Trading LLC increased its holdings in GraniteShares 2x Short NVDA Daily ETF by 43.6% in the 2nd quarter. Group One Trading LLC now owns 17,241 shares of the company’s stock worth $218,000 after acquiring an additional 5,237 shares in the last quarter. Finally, Hamilton Wealth LLC purchased a new stake in GraniteShares 2x Short NVDA Daily ETF in the 3rd quarter worth $164,000.

GraniteShares 2x Short NVDA Daily ETF Company Profile

The GraniteShares 2x Short NVDA Daily ETF (NVD) is an exchange-traded fund that mostly invests in information technology equity. The fund provides 2x inverse leveraged exposure, less fees and expenses, to the daily price movement for shares of NVIDIA Corporation stock. NVD was launched on Aug 21, 2023 and is issued by GraniteShares.