GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL – Get Free Report) was the target of some unusual options trading on Wednesday. Stock investors acquired 41,154 call options on the company. This is an increase of 29% compared to the average volume of 31,951 call options.
GraniteShares 2x Long NVDA Daily ETF Stock Performance
NVDL opened at $20.40 on Thursday. The business has a 50 day moving average price of $33.20 and a 200 day moving average price of $31.55. GraniteShares 2x Long NVDA Daily ETF has a twelve month low of $18.55 and a twelve month high of $43.27.
Hedge Funds Weigh In On GraniteShares 2x Long NVDA Daily ETF
A number of institutional investors have recently modified their holdings of NVDL. IFP Advisors Inc bought a new stake in shares of GraniteShares 2x Long NVDA Daily ETF during the 3rd quarter worth $26,000. Integrated Wealth Concepts LLC acquired a new position in GraniteShares 2x Long NVDA Daily ETF during the 2nd quarter worth $43,000. CoreCap Advisors LLC lifted its position in GraniteShares 2x Long NVDA Daily ETF by 200.0% during the 2nd quarter. CoreCap Advisors LLC now owns 3,462 shares of the company’s stock worth $103,000 after acquiring an additional 2,308 shares during the last quarter. 180 Wealth Advisors LLC boosted its holdings in GraniteShares 2x Long NVDA Daily ETF by 35.1% during the first quarter. 180 Wealth Advisors LLC now owns 4,993 shares of the company’s stock valued at $362,000 after acquiring an additional 1,297 shares during the period. Finally, Vestor Capital LLC boosted its holdings in GraniteShares 2x Long NVDA Daily ETF by 3.9% during the first quarter. Vestor Capital LLC now owns 5,502 shares of the company’s stock valued at $399,000 after acquiring an additional 204 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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