GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) Short Interest Update

GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) was the target of a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 13,572,206 shares, a decrease of 34.1% from the July 30th total of 20,606,034 shares. Based on an average daily volume of 13,735,219 shares, the days-to-cover ratio is currently 1.0 days. Approximately 12.2% of the company’s stock are short sold.

GraniteShares 2x Long NVDA Daily ETF Stock Performance

NASDAQ NVDL traded up $1.90 during trading hours on Wednesday, hitting $35.62. 6,410,378 shares of the company traded hands, compared to its average volume of 23,751,883. GraniteShares 2x Long NVDA Daily ETF has a twelve month low of $21.54 and a twelve month high of $43.27. The business’s 50-day moving average is $31.94 and its 200-day moving average is $31.17.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Harvest Fund Management Co. Ltd increased its holdings in shares of GraniteShares 2x Long NVDA Daily ETF by 105.0% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 41,152 shares of the company’s stock valued at $3,622,000 after purchasing an additional 21,073 shares during the last quarter. Group One Trading LLC acquired a new stake in shares of GraniteShares 2x Long NVDA Daily ETF in the first quarter valued at approximately $1,278,000. Renaissance Technologies LLC acquired a new position in GraniteShares 2x Long NVDA Daily ETF in the 1st quarter valued at $5,907,000. New Millennium Group LLC raised its stake in GraniteShares 2x Long NVDA Daily ETF by 137.7% in the fourth quarter. New Millennium Group LLC now owns 4,505 shares of the company’s stock valued at $396,000 after purchasing an additional 2,610 shares in the last quarter. Finally, Larson Financial Group LLC lifted its holdings in shares of GraniteShares 2x Long NVDA Daily ETF by 15.5% during the 4th quarter. Larson Financial Group LLC now owns 6,875 shares of the company’s stock worth $605,000 after acquiring an additional 922 shares during the period.

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.