GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD) Short Interest Update

GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD) saw a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 1,708,736 shares, a decrease of 56.5% from the June 15th total of 3,931,924 shares. Approximately 14.6% of the shares of the stock are sold short. Based on an average daily volume of 64,235,591 shares, the short-interest ratio is currently 0.0 days.

Hedge Funds Weigh In On GraniteShares 2x Short NVDA Daily ETF

A number of large investors have recently modified their holdings of the stock. Jane Street Group LLC increased its holdings in shares of GraniteShares 2x Short NVDA Daily ETF by 85.9% in the first quarter. Jane Street Group LLC now owns 58,700 shares of the company’s stock valued at $2,032,000 after purchasing an additional 27,126 shares in the last quarter. StoneX Group Inc. lifted its holdings in 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 in the last quarter. Jump Financial LLC boosted its position in 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 during the last quarter. Group One Trading LLC increased its stake in shares of 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 valued at $218,000 after buying an additional 5,237 shares during the period. Finally, Hamilton Wealth LLC bought a new stake in shares of GraniteShares 2x Short NVDA Daily ETF during the third quarter worth $164,000.

GraniteShares 2x Short NVDA Daily ETF Trading Down 0.4%

NASDAQ NVD traded down $0.02 on Wednesday, hitting $4.55. 84,674,132 shares of the company were exchanged, compared to its average volume of 71,280,172. GraniteShares 2x Short NVDA Daily ETF has a 1-year low of $3.93 and a 1-year high of $11.50. The firm has a 50 day moving average of $4.87 and a two-hundred day moving average of $6.19. The company has a market cap of $53.78 million, a P/E ratio of -37.92 and a beta of -3.06.

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.