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

GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD) was the target of a significant increase in short interest in December. As of December 31st, there was short interest totaling 1,927,445 shares, an increase of 27.1% from the December 15th total of 1,516,363 shares. Currently, 15.0% of the company’s stock are sold short. Based on an average daily volume of 30,904,160 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 30,904,160 shares, the short-interest ratio is currently 0.1 days. Currently, 15.0% of the company’s stock are sold short.

GraniteShares 2x Short NVDA Daily ETF Stock Up 1.1%

Shares of GraniteShares 2x Short NVDA Daily ETF stock traded up $0.08 during trading on Friday, reaching $7.17. The company’s stock had a trading volume of 46,930,008 shares, compared to its average volume of 56,785,656. 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 50-day simple moving average of $8.07 and a two-hundred day simple moving average of $9.08. The company has a market cap of $84.46 million, a price-to-earnings ratio of -59.75 and a beta of -3.35.

GraniteShares 2x Short NVDA Daily ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 29th were issued a dividend of $0.8456 per share. The ex-dividend date was Monday, December 29th. This represents a c) annualized dividend and a dividend yield of 141.5%. GraniteShares 2x Short NVDA Daily ETF’s dividend payout ratio is -700.00%.

Institutional Trading of GraniteShares 2x Short NVDA Daily ETF

Several large investors have recently bought and sold shares of NVD. Jane Street Group LLC raised its holdings in shares of GraniteShares 2x Short NVDA Daily ETF by 85.9% in the first quarter. Jane Street Group LLC now owns 58,700 shares of the company’s stock worth $2,032,000 after buying an additional 27,126 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd acquired a new position in shares of GraniteShares 2x Short NVDA Daily ETF in the 2nd quarter valued at $384,000. StoneX Group Inc. raised its stake in GraniteShares 2x Short NVDA Daily ETF by 83.0% in the 2nd 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 last quarter. Jump Financial LLC lifted its position in GraniteShares 2x Short NVDA Daily ETF by 402.9% during the 2nd quarter. Jump Financial LLC now owns 186,494 shares of the company’s stock worth $2,357,000 after acquiring an additional 149,408 shares during the period. Finally, Group One Trading LLC grew its stake 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 valued at $218,000 after purchasing an additional 5,237 shares during the last quarter.

About GraniteShares 2x Short NVDA Daily ETF

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.