GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD – Get Free Report) crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $5.28 and traded as high as $5.48. GraniteShares 2x Short NVDA Daily ETF shares last traded at $5.47, with a volume of 127,142,573 shares.
GraniteShares 2x Short NVDA Daily ETF Price Performance
The stock has a fifty day simple moving average of $3.93 and a two-hundred day simple moving average of $5.26. The firm has a market capitalization of $75.33 million, a P/E ratio of -43.08 and a beta of -3.18.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. IMC Chicago LLC bought a new stake in GraniteShares 2x Short NVDA Daily ETF in the first quarter valued at $2,222,000. Optiver Holding B.V. boosted its position in shares of GraniteShares 2x Short NVDA Daily ETF by 1,209.1% during the 1st quarter. Optiver Holding B.V. now owns 175,687 shares of the company’s stock worth $1,326,000 after purchasing an additional 162,267 shares in the last quarter. StoneX Group Inc. acquired a new stake in shares of GraniteShares 2x Short NVDA Daily ETF in the 3rd quarter valued at about $236,000. Genesis Financial Group LLC raised its stake in GraniteShares 2x Short NVDA Daily ETF by 67.3% during the 1st quarter. Genesis Financial Group LLC now owns 114,888 shares of the company’s stock worth $867,000 after buying an additional 46,225 shares during the period. Finally, Group One Trading LLC acquired a new position in GraniteShares 2x Short NVDA Daily ETF during the 1st quarter worth approximately $262,000.
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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