GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD – Get Free Report) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totaling 1,720,245 shares, a decrease of 49.0% from the September 30th total of 3,373,054 shares. Based on an average daily trading volume, of 77,746,139 shares, the short-interest ratio is presently 0.0 days. Approximately 12.7% of the shares of the stock are short sold.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of NVD. IMC Chicago LLC acquired a new stake in shares of GraniteShares 2x Short NVDA Daily ETF in the 1st quarter valued at $2,222,000. Optiver Holding B.V. grew its holdings in shares of GraniteShares 2x Short NVDA Daily ETF by 1,209.1% in the 1st quarter. Optiver Holding B.V. now owns 175,687 shares of the company’s stock worth $1,326,000 after purchasing an additional 162,267 shares during the last quarter. Genesis Financial Group LLC increased its position in shares of GraniteShares 2x Short NVDA Daily ETF by 67.3% during the 1st quarter. Genesis Financial Group LLC now owns 114,888 shares of the company’s stock worth $867,000 after purchasing an additional 46,225 shares in the last quarter. LexAurum Advisors LLC increased its position in shares of GraniteShares 2x Short NVDA Daily ETF by 9.5% during the 3rd quarter. LexAurum Advisors LLC now owns 57,515 shares of the company’s stock worth $209,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Group One Trading LLC acquired 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 Price Performance
Shares of GraniteShares 2x Short NVDA Daily ETF stock traded up $0.11 during midday trading on Monday, hitting $4.54. 190,396,234 shares of the company were exchanged, compared to its average volume of 77,427,555. The firm has a market cap of $71.91 million, a P/E ratio of -37.83 and a beta of -3.07. GraniteShares 2x Short NVDA Daily ETF has a 52 week low of $3.19 and a 52 week high of $9.76. The firm has a 50 day simple moving average of $3.88 and a 200-day simple moving average of $5.31.
About GraniteShares 2x Short NVDA Daily ETF
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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