Shares of GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL – Get Free Report) were down 4% during trading on Friday . The company traded as low as $27.37 and last traded at $27.58. Approximately 9,103,626 shares traded hands during mid-day trading, a decline of 67% from the average session volume of 27,504,297 shares. The stock had previously closed at $28.72.
GraniteShares 2x Long NVDA Daily ETF Stock Performance
The firm’s 50 day moving average is $101.46 and its 200 day moving average is $89.64.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the company. Vestor Capital LLC increased its holdings in shares of GraniteShares 2x Long NVDA Daily ETF by 3.9% in the first quarter. Vestor Capital LLC now owns 5,502 shares of the company’s stock worth $399,000 after purchasing an additional 204 shares during the period. Tactive Advisors LLC grew its position in GraniteShares 2x Long NVDA Daily ETF by 8.1% during the first quarter. Tactive Advisors LLC now owns 3,403 shares of the company’s stock worth $247,000 after buying an additional 254 shares in the last quarter. Parallel Advisors LLC grew its position in GraniteShares 2x Long NVDA Daily ETF by 104.3% during the fourth quarter. Parallel Advisors LLC now owns 613 shares of the company’s stock worth $54,000 after buying an additional 313 shares in the last quarter. Financial Life Planners bought a new position in GraniteShares 2x Long NVDA Daily ETF in the 1st quarter worth about $25,000. Finally, Sigma Planning Corp increased its stake in GraniteShares 2x Long NVDA Daily ETF by 4.9% in the 4th quarter. Sigma Planning Corp now owns 11,645 shares of the company’s stock worth $1,025,000 after acquiring an additional 545 shares during the last quarter.
About GraniteShares 2x Long NVDA Daily ETF
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.
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