Hoey Investments Inc. Has $1.21 Million Position in GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL)

Hoey Investments Inc. grew its holdings in GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) by 24.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,248 shares of the company’s stock after buying an additional 3,575 shares during the quarter. GraniteShares 2x Long NVDA Daily ETF accounts for approximately 0.2% of Hoey Investments Inc.’s holdings, making the stock its 24th biggest holding. Hoey Investments Inc.’s holdings in GraniteShares 2x Long NVDA Daily ETF were worth $1,211,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NVDL. Oriental Harbor Investment Fund acquired a new position in GraniteShares 2x Long NVDA Daily ETF in the third quarter worth about $27,892,000. JPMorgan Chase & Co. raised its holdings in shares of GraniteShares 2x Long NVDA Daily ETF by 456.7% in the 4th quarter. JPMorgan Chase & Co. now owns 436,970 shares of the company’s stock worth $29,010,000 after buying an additional 358,478 shares in the last quarter. Barclays PLC lifted its position in shares of GraniteShares 2x Long NVDA Daily ETF by 50.4% during the 3rd quarter. Barclays PLC now owns 142,652 shares of the company’s stock worth $8,301,000 after buying an additional 47,800 shares during the period. SBI Securities Co. Ltd. acquired a new stake in GraniteShares 2x Long NVDA Daily ETF in the 4th quarter valued at $3,307,000. Finally, Brookstone Capital Management boosted its stake in GraniteShares 2x Long NVDA Daily ETF by 1.0% in the 4th quarter. Brookstone Capital Management now owns 38,231 shares of the company’s stock valued at $2,538,000 after buying an additional 373 shares in the last quarter.

GraniteShares 2x Long NVDA Daily ETF Trading Down 3.3 %

GraniteShares 2x Long NVDA Daily ETF stock opened at $38.00 on Monday. GraniteShares 2x Long NVDA Daily ETF has a 52-week low of $28.29 and a 52-week high of $91.70. The stock has a fifty day moving average price of $52.65 and a two-hundred day moving average price of $63.71.

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.