Scientech Research LLC purchased a new position in GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD – Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 80,702 shares of the company’s stock, valued at approximately $178,000. Scientech Research LLC owned about 0.36% of GraniteShares 2x Short NVDA Daily ETF at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Crescent Grove Advisors LLC acquired a new stake in shares of GraniteShares 2x Short NVDA Daily ETF in the first quarter worth $172,000. Ground Swell Capital LLC increased its stake in shares of GraniteShares 2x Short NVDA Daily ETF by 117.5% in the second quarter. Ground Swell Capital LLC now owns 21,929 shares of the company’s stock worth $48,000 after acquiring an additional 11,847 shares during the period. Midland Wealth Advisors LLC acquired a new stake in shares of GraniteShares 2x Short NVDA Daily ETF in the second quarter worth $44,000. Finally, Headlands Technologies LLC acquired a new stake in shares of GraniteShares 2x Short NVDA Daily ETF in the second quarter worth $33,000.
GraniteShares 2x Short NVDA Daily ETF Price Performance
NASDAQ:NVD opened at $1.85 on Wednesday. The firm has a market capitalization of $41.11 million, a P/E ratio of -14.33 and a beta of -4.30. The company’s fifty day moving average price is $2.10 and its 200-day moving average price is $3.19. GraniteShares 2x Short NVDA Daily ETF has a 1-year low of $1.56 and a 1-year high of $31.45.
GraniteShares 2x Short NVDA Daily ETF 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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