Shares of GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL – Get Free Report) were down 9.3% during trading on Friday . The stock traded as low as $33.63 and last traded at $33.64. Approximately 20,643,607 shares changed hands during trading, a decline of 14% from the average session volume of 23,946,035 shares. The stock had previously closed at $37.07.
GraniteShares 2x Long NVDA Daily ETF Price Performance
The firm’s 50 day simple moving average is $31.81 and its two-hundred day simple moving average is $31.07.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the stock. Harvest Fund Management Co. Ltd grew its position in GraniteShares 2x Long NVDA Daily ETF by 105.0% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 41,152 shares of the company’s stock worth $3,622,000 after acquiring an additional 21,073 shares during the last quarter. Group One Trading LLC purchased a new position in GraniteShares 2x Long NVDA Daily ETF in the 1st quarter worth approximately $1,278,000. Renaissance Technologies LLC bought a new stake in GraniteShares 2x Long NVDA Daily ETF in the first quarter valued at approximately $5,907,000. Turner Financial Group Inc. bought a new stake in GraniteShares 2x Long NVDA Daily ETF in the second quarter valued at approximately $303,000. Finally, CoreCap Advisors LLC boosted its stake in shares of GraniteShares 2x Long NVDA Daily ETF by 200.0% during the second quarter. CoreCap Advisors LLC now owns 3,462 shares of the company’s stock valued at $103,000 after purchasing an additional 2,308 shares during the period.
About GraniteShares 2x Long NVDA Daily ETF
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.
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