GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD) Short Interest Down 17.2% in January

GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVDGet Free Report) was the recipient of a significant decrease in short interest in the month of January. As of January 30th, there was short interest totaling 1,524,164 shares, a decrease of 17.2% from the January 15th total of 1,840,882 shares. Based on an average daily trading volume, of 48,886,736 shares, the days-to-cover ratio is currently 0.0 days. Currently, 13.4% of the company’s shares are short sold. Currently, 13.4% of the company’s shares are short sold. Based on an average daily trading volume, of 48,886,736 shares, the days-to-cover ratio is currently 0.0 days.

GraniteShares 2x Short NVDA Daily ETF Stock Performance

NVD traded up $0.31 during midday trading on Monday, reaching $7.16. 56,113,981 shares of the company were exchanged, compared to its average volume of 54,157,422. The stock has a market capitalization of $81.70 million, a P/E ratio of -59.67 and a beta of -3.35. GraniteShares 2x Short NVDA Daily ETF has a one year low of $6.38 and a one year high of $51.62. The stock’s 50-day simple moving average is $7.53 and its 200 day simple moving average is $8.51.

GraniteShares 2x Short NVDA Daily ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 29th were paid a dividend of $0.8456 per share. The ex-dividend date of this dividend was Monday, December 29th. This represents a c) annualized dividend and a yield of 141.7%. GraniteShares 2x Short NVDA Daily ETF’s dividend payout ratio (DPR) is presently -700.00%.

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

Several hedge funds have recently bought and sold shares of NVD. Trek Financial LLC bought a new position in shares of GraniteShares 2x Short NVDA Daily ETF during the third quarter worth $8,056,000. Jump Financial LLC increased its position in shares of GraniteShares 2x Short NVDA Daily ETF by 402.9% in the 2nd quarter. Jump Financial LLC now owns 186,494 shares of the company’s stock valued at $2,357,000 after buying an additional 149,408 shares in the last quarter. Genesis Financial Group LLC acquired a new stake in GraniteShares 2x Short NVDA Daily ETF during the 4th quarter worth $491,000. Jane Street Group LLC raised its stake in GraniteShares 2x Short NVDA Daily ETF by 85.9% during the 1st quarter. Jane Street Group LLC now owns 58,700 shares of the company’s stock worth $2,032,000 after buying an additional 27,126 shares during the period. Finally, StoneX Group Inc. bought a new position in GraniteShares 2x Short NVDA Daily ETF during the fourth quarter worth about $287,000.

GraniteShares 2x Short NVDA Daily ETF Company Profile

(Get Free Report)

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.

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