GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD – Get Free Report)’s stock price rose 8.3% on Friday. The company traded as high as $4.58 and last traded at $4.43. 143,157,323 shares changed hands during mid-day trading, an increase of 86% from the average daily volume of 76,886,938 shares. The stock had previously closed at $4.09.
GraniteShares 2x Short NVDA Daily ETF Price Performance
The firm has a market cap of $67.82 million, a price-to-earnings ratio of -36.92 and a beta of -3.07. The stock’s fifty day moving average price is $3.87 and its 200-day moving average price is $5.33.
Institutional Trading of GraniteShares 2x Short NVDA Daily ETF
A number of institutional investors have recently bought and sold shares of the company. LexAurum Advisors LLC increased its position in GraniteShares 2x Short NVDA Daily ETF by 9.5% during the third quarter. LexAurum Advisors LLC now owns 57,515 shares of the company’s stock worth $209,000 after buying an additional 5,000 shares during the last quarter. Optiver Holding B.V. lifted its position in shares of GraniteShares 2x Short NVDA Daily ETF by 1,209.1% in the first quarter. Optiver Holding B.V. now owns 175,687 shares of the company’s stock worth $1,326,000 after buying an additional 162,267 shares during the last quarter. Genesis Financial Group LLC lifted its position in shares of GraniteShares 2x Short NVDA Daily ETF by 67.3% in the first quarter. Genesis Financial Group LLC now owns 114,888 shares of the company’s stock worth $867,000 after buying an additional 46,225 shares during the last quarter. MWA Asset Management bought a new stake in shares of GraniteShares 2x Short NVDA Daily ETF during the 1st quarter worth about $83,000. Finally, Group One Trading LLC bought a new stake in shares of GraniteShares 2x Short NVDA Daily ETF during the 1st quarter worth about $262,000.
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.
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