Short Interest in GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD) Declines By 28.0%

GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD) was the recipient of a significant decrease in short interest in December. As of December 15th, there was short interest totalling 163,800 shares, a decrease of 28.0% from the November 30th total of 227,500 shares. Based on an average trading volume of 1,544,800 shares, the days-to-cover ratio is presently 0.1 days.

GraniteShares 2x Short NVDA Daily ETF Trading Down 4.8 %

NVD stock traded down $1.44 during mid-day trading on Friday, hitting $28.81. 742,462 shares of the company were exchanged, compared to its average volume of 952,698. GraniteShares 2x Short NVDA Daily ETF has a 1-year low of $25.74 and a 1-year high of $507.75. The stock has a market capitalization of $85.28 million, a PE ratio of -240.08 and a beta of -4.30. The business has a 50 day simple moving average of $30.94 and a 200-day simple moving average of $43.48.

GraniteShares 2x Short NVDA Daily ETF Dividend Announcement

The firm also recently announced a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 27th will be issued a dividend of $2.608 per share. The ex-dividend date of this dividend is Friday, December 27th. GraniteShares 2x Short NVDA Daily ETF’s payout ratio is -31,300.00%.

Institutional Trading of GraniteShares 2x Short NVDA Daily ETF

A number of large investors have recently bought and sold shares of the business. IHT Wealth Management LLC bought a new position in shares of GraniteShares 2x Short NVDA Daily ETF in the third quarter valued at approximately $1,232,000. Scientech Research LLC purchased a new stake in GraniteShares 2x Short NVDA Daily ETF in the 2nd quarter worth approximately $178,000. Ground Swell Capital LLC increased its stake in GraniteShares 2x Short NVDA Daily ETF by 117.5% in the 2nd 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 last quarter. Headlands Technologies LLC bought a new stake in shares of GraniteShares 2x Short NVDA Daily ETF during the 2nd quarter valued at about $33,000. Finally, Midland Wealth Advisors LLC bought a new stake in GraniteShares 2x Short NVDA Daily ETF during the second quarter valued at approximately $44,000.

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.