GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD – Get Free Report)’s stock price rose 6% on Monday . The stock traded as high as $4.60 and last traded at $4.57. Approximately 64,313,227 shares were traded during trading, a decline of 10% from the average daily volume of 71,516,109 shares. The stock had previously closed at $4.31.
GraniteShares 2x Short NVDA Daily ETF Stock Performance
The stock’s 50 day simple moving average is $4.78 and its 200-day simple moving average is $5.65. The firm has a market cap of $50.13 million, a price-to-earnings ratio of -38.08 and a beta of -3.06.
Hedge Funds Weigh In On GraniteShares 2x Short NVDA Daily ETF
Hedge funds have recently made changes to their positions in the company. Group One Trading LLC grew its position in GraniteShares 2x Short NVDA Daily ETF by 43.6% during the 2nd quarter. Group One Trading LLC now owns 17,241 shares of the company’s stock worth $218,000 after purchasing an additional 5,237 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of GraniteShares 2x Short NVDA Daily ETF in the fourth quarter worth about $43,000. StoneX Group Inc. grew its holdings in GraniteShares 2x Short NVDA Daily ETF by 83.0% during the second quarter. StoneX Group Inc. now owns 15,879 shares of the company’s stock worth $201,000 after acquiring an additional 7,200 shares during the period. MWA Asset Management purchased a new position in GraniteShares 2x Short NVDA Daily ETF during the first quarter valued at approximately $83,000. Finally, HRT Financial LP acquired a new position in GraniteShares 2x Short NVDA Daily ETF in the fourth quarter valued at approximately $119,000.
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.
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