Short Interest in GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) Declines By 43.0%

GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) saw a large decrease in short interest in the month of February. As of February 15th, there was short interest totalling 9,850,000 shares, a decrease of 43.0% from the January 31st total of 17,280,000 shares. Based on an average daily volume of 21,260,900 shares, the short-interest ratio is currently 0.5 days.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in NVDL. Weaver Consulting Group raised its position in shares of GraniteShares 2x Long NVDA Daily ETF by 4.7% in the third quarter. Weaver Consulting Group now owns 4,472 shares of the company’s stock valued at $260,000 after purchasing an additional 200 shares during the period. Tower Research Capital LLC TRC raised its holdings in GraniteShares 2x Long NVDA Daily ETF by 26.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,088 shares of the company’s stock worth $72,000 after acquiring an additional 229 shares during the period. Brookstone Capital Management lifted its position in GraniteShares 2x Long NVDA Daily ETF by 1.0% during the 4th quarter. Brookstone Capital Management now owns 38,231 shares of the company’s stock worth $2,538,000 after acquiring an additional 373 shares during the last quarter. IFP Advisors Inc bought a new stake in GraniteShares 2x Long NVDA Daily ETF during the fourth quarter valued at about $27,000. Finally, Flagstar Advisors Inc. grew its position in shares of GraniteShares 2x Long NVDA Daily ETF by 24.3% in the third quarter. Flagstar Advisors Inc. now owns 4,294 shares of the company’s stock valued at $250,000 after purchasing an additional 840 shares during the last quarter.

GraniteShares 2x Long NVDA Daily ETF Stock Down 3.9 %

GraniteShares 2x Long NVDA Daily ETF stock traded down $1.67 during trading hours on Tuesday, hitting $40.87. The company had a trading volume of 16,588,867 shares, compared to its average volume of 25,602,701. The firm’s fifty day moving average is $63.00 and its 200-day moving average is $65.79. GraniteShares 2x Long NVDA Daily ETF has a fifty-two week low of $28.29 and a fifty-two week high of $91.70.

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.