GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) Shares Gap Up – Time to Buy?

GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL)’s share price gapped up before the market opened on Friday. The stock had previously closed at $18.57, but opened at $19.42. GraniteShares 2x Long NVDA Daily ETF shares last traded at $17.64, with a volume of 20,027,297 shares trading hands.

GraniteShares 2x Long NVDA Daily ETF Stock Down 7.5%

The business has a fifty day moving average price of $32.86 and a two-hundred day moving average price of $31.50.

Institutional Investors Weigh In On GraniteShares 2x Long NVDA Daily ETF

A number of large investors have recently bought and sold shares of the company. Vestor Capital LLC acquired a new position in GraniteShares 2x Long NVDA Daily ETF in the 3rd quarter worth approximately $5,474,000. Corient Private Wealth LP acquired a new stake in GraniteShares 2x Long NVDA Daily ETF during the 2nd quarter valued at approximately $2,777,000. Renaissance Technologies LLC acquired a new stake in GraniteShares 2x Long NVDA Daily ETF during the 1st quarter valued at approximately $5,907,000. HighTower Advisors LLC purchased a new stake in shares of GraniteShares 2x Long NVDA Daily ETF in the 3rd quarter valued at $900,000. Finally, Persium Advisors LLC purchased a new stake in shares of GraniteShares 2x Long NVDA Daily ETF in the 3rd quarter valued at $844,000.

GraniteShares 2x Long NVDA Daily ETF Company Profile

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.