Short Interest in GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) Rises By 32.9%

GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 14,338,140 shares, an increase of 32.9% from the November 30th total of 10,790,379 shares. Currently, 29.9% of the company’s shares are sold short. Based on an average trading volume of 11,517,875 shares, the days-to-cover ratio is presently 1.2 days. Based on an average trading volume of 11,517,875 shares, the days-to-cover ratio is presently 1.2 days. Currently, 29.9% of the company’s shares are sold short.

GraniteShares 2x Long NVDA Daily ETF Price Performance

NVDL stock traded down $0.72 during trading on Tuesday, reaching $89.04. 5,846,357 shares of the stock were exchanged, compared to its average volume of 17,976,125. The business has a 50 day moving average price of $90.04 and a 200-day moving average price of $85.16. GraniteShares 2x Long NVDA Daily ETF has a 1 year low of $23.12 and a 1 year high of $118.50.

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

Several large investors have recently modified their holdings of the business. APEIRON CAPITAL Ltd acquired a new stake in GraniteShares 2x Long NVDA Daily ETF in the 3rd quarter valued at approximately $88,003,000. HUB Investment Partners LLC acquired a new position in GraniteShares 2x Long NVDA Daily ETF during the third quarter worth $9,034,000. Stevens Capital Management LP purchased a new position in shares of GraniteShares 2x Long NVDA Daily ETF during the third quarter worth $3,895,000. Client First Investment Management LLC acquired a new stake in shares of GraniteShares 2x Long NVDA Daily ETF in the second quarter valued at $2,715,000. Finally, Hoey Investments Inc. grew its stake in shares of GraniteShares 2x Long NVDA Daily ETF by 2.5% in the second quarter. Hoey Investments Inc. now owns 36,656 shares of the company’s stock valued at $2,581,000 after buying an additional 905 shares in the last quarter.

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.