GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) Shares Gap Up – What’s Next?

GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) shares gapped up prior to trading on Thursday . The stock had previously closed at $31.75, but opened at $35.65. GraniteShares 2x Long NVDA Daily ETF shares last traded at $36.07, with a volume of 17,499,283 shares.

GraniteShares 2x Long NVDA Daily ETF Trading Up 13.0%

The stock’s 50 day simple moving average is $31.74 and its two-hundred day simple moving average is $31.01.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Turner Financial Group Inc. bought a new stake in GraniteShares 2x Long NVDA Daily ETF in the second quarter worth $303,000. Tactive Advisors LLC raised its position in shares of GraniteShares 2x Long NVDA Daily ETF by 389.5% in the 2nd quarter. Tactive Advisors LLC now owns 16,659 shares of the company’s stock worth $497,000 after purchasing an additional 13,256 shares during the last quarter. 180 Wealth Advisors LLC boosted its stake in GraniteShares 2x Long NVDA Daily ETF by 198.9% in the 2nd quarter. 180 Wealth Advisors LLC now owns 14,923 shares of the company’s stock worth $445,000 after purchasing an additional 9,930 shares in the last quarter. CoreCap Advisors LLC boosted its stake in GraniteShares 2x Long NVDA Daily ETF by 200.0% in the 2nd quarter. CoreCap Advisors LLC now owns 3,462 shares of the company’s stock worth $103,000 after purchasing an additional 2,308 shares in the last quarter. Finally, Optiver Holding B.V. grew its position in GraniteShares 2x Long NVDA Daily ETF by 7.7% during the 1st quarter. Optiver Holding B.V. now owns 22,874 shares of the company’s stock valued at $1,660,000 after purchasing an additional 1,632 shares during the last quarter.

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.