GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD) Sees Significant Growth in Short Interest

GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD) was the recipient of a significant increase in short interest in December. As of December 15th, there was short interest totaling 1,516,363 shares, an increase of 91.3% from the November 30th total of 792,606 shares. Currently, 7.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 32,484,560 shares, the short-interest ratio is currently 0.0 days. Based on an average daily trading volume, of 32,484,560 shares, the short-interest ratio is currently 0.0 days. Currently, 7.8% of the shares of the stock are sold short.

GraniteShares 2x Short NVDA Daily ETF Price Performance

GraniteShares 2x Short NVDA Daily ETF stock traded down $0.16 during mid-day trading on Friday, reaching $7.69. The company had a trading volume of 37,003,903 shares, compared to its average volume of 14,675,712. GraniteShares 2x Short NVDA Daily ETF has a 1 year low of $6.51 and a 1 year high of $51.62. The company has a market capitalization of $149.96 million, a P/E ratio of -64.08 and a beta of -3.35. The stock’s 50-day simple moving average is $8.33 and its 200-day simple moving average is $9.88.

Hedge Funds Weigh In On GraniteShares 2x Short NVDA Daily ETF

Several hedge funds and other institutional investors have recently bought and sold shares of NVD. Stonehage Fleming Financial Services Holdings Ltd purchased a new position in GraniteShares 2x Short NVDA Daily ETF during the 2nd quarter valued at about $384,000. Jump Financial LLC acquired a new stake in shares of GraniteShares 2x Short NVDA Daily ETF in the first quarter valued at approximately $1,284,000. Jane Street Group LLC increased its stake in shares of GraniteShares 2x Short NVDA Daily ETF by 85.9% during the 1st quarter. Jane Street Group LLC now owns 58,700 shares of the company’s stock worth $2,032,000 after purchasing an additional 27,126 shares in the last quarter. Group One Trading LLC increased its stake in shares of GraniteShares 2x Short NVDA Daily ETF by 71.7% during the 3rd quarter. Group One Trading LLC now owns 29,607 shares of the company’s stock worth $258,000 after purchasing an additional 12,366 shares in the last quarter. Finally, StoneX Group Inc. raised its position in shares of GraniteShares 2x Short NVDA Daily ETF by 83.0% during the 2nd quarter. StoneX Group Inc. now owns 15,879 shares of the company’s stock worth $201,000 after purchasing an additional 7,200 shares during the last quarter.

GraniteShares 2x Short NVDA Daily ETF Company Profile

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.