GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD) Short Interest Up 87.7% in August

GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD) was the target of a significant increase in short interest in August. As of August 14th, there was short interest totaling 5,962,961 shares, an increase of 87.7% from the July 30th total of 3,176,936 shares. Approximately 54.4% of the company’s stock are short sold. Based on an average trading volume of 61,894,576 shares, the short-interest ratio is currently 0.1 days.

GraniteShares 2x Short NVDA Daily ETF Stock Performance

GraniteShares 2x Short NVDA Daily ETF stock traded up $0.32 during mid-day trading on Friday, reaching $4.05. The stock had a trading volume of 106,177,759 shares, compared to its average volume of 72,749,219. The firm has a market capitalization of $44.43 million, a PE ratio of -33.75 and a beta of -3.06. GraniteShares 2x Short NVDA Daily ETF has a fifty-two week low of $3.61 and a fifty-two week high of $11.41. The stock’s 50-day simple moving average is $4.73 and its 200-day simple moving average is $5.57.

Institutional Trading of GraniteShares 2x Short NVDA Daily ETF

Several hedge funds have recently bought and sold shares of NVD. Jump Financial LLC increased its stake in GraniteShares 2x Short NVDA Daily ETF by 1,202.4% during the 4th quarter. Jump Financial LLC now owns 390,688 shares of the company’s stock valued at $2,793,000 after purchasing an additional 360,690 shares in the last quarter. IMC Chicago LLC bought a new position in shares of GraniteShares 2x Short NVDA Daily ETF in the first quarter valued at $2,222,000. Optiver Holding B.V. lifted its stake in shares of GraniteShares 2x Short NVDA Daily ETF by 1,209.1% in the first quarter. Optiver Holding B.V. now owns 175,687 shares of the company’s stock valued at $1,326,000 after buying an additional 162,267 shares in the last quarter. Genesis Financial Group LLC grew its holdings in shares of GraniteShares 2x Short NVDA Daily ETF by 67.3% during the first quarter. Genesis Financial Group LLC now owns 114,888 shares of the company’s stock valued at $867,000 after buying an additional 46,225 shares during the last quarter. Finally, Jane Street Group LLC grew its holdings in shares of GraniteShares 2x Short NVDA Daily ETF by 85.9% during the first quarter. Jane Street Group LLC now owns 58,700 shares of the company’s stock valued at $2,032,000 after buying an additional 27,126 shares during the last quarter.

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.