GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL – Get Free Report) was the recipient of some unusual options trading on Friday. Stock traders purchased 5,031 call options on the company. This is an increase of approximately 40% compared to the average daily volume of 3,592 call options.
GraniteShares 2x Long NVDA Daily ETF Stock Down 19.9 %
Shares of NASDAQ:NVDL opened at $28.77 on Friday. GraniteShares 2x Long NVDA Daily ETF has a fifty-two week low of $7.14 and a fifty-two week high of $49.21. The business has a 50-day moving average of $34.99 and a two-hundred day moving average of $21.48.
Institutional Trading of GraniteShares 2x Long NVDA Daily ETF
Institutional investors and hedge funds have recently made changes to their positions in the stock. Signaturefd LLC acquired a new stake in shares of GraniteShares 2x Long NVDA Daily ETF in the third quarter worth about $153,000. Hoey Investments Inc. increased its stake in shares of GraniteShares 2x Long NVDA Daily ETF by 432.6% in the third quarter. Hoey Investments Inc. now owns 13,182 shares of the company’s stock worth $1,118,000 after purchasing an additional 10,707 shares during the period. AlphaMark Advisors LLC bought a new position in shares of GraniteShares 2x Long NVDA Daily ETF in the third quarter worth about $34,000. TRUE Private Wealth Advisors bought a new position in shares of GraniteShares 2x Long NVDA Daily ETF in the third quarter worth about $926,000. Finally, Banque Cantonale Vaudoise bought a new position in shares of GraniteShares 2x Long NVDA Daily ETF in the first quarter worth about $201,000.
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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