GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) Shares Up 6.5% – Here’s Why

by · The Markets Daily

GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL – Get Free Report)’s stock price were up 6.5% on Wednesday . The stock traded as high as $30.89 and last traded at $30.80. Approximately 15,720,137 shares traded hands during mid-day trading, a decline of 41% from the average daily volume of 26,729,203 shares. The stock had previously closed at $28.91.

GraniteShares 2x Long NVDA Daily ETF Trading Up 7.8%

The business has a fifty day simple moving average of $33.72 and a two-hundred day simple moving average of $30.09.

Hedge Funds Weigh In On GraniteShares 2x Long NVDA Daily ETF

A number of institutional investors and hedge funds have recently made changes to their positions in NVDL. Financial Life Planners bought a new position in shares of GraniteShares 2x Long NVDA Daily ETF during the first quarter valued at $25,000. Parallel Advisors LLC lifted its position in GraniteShares 2x Long NVDA Daily ETF by 104.3% during the fourth quarter. Parallel Advisors LLC now owns 613 shares of the company’s stock valued at $54,000 after purchasing an additional 313 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of GraniteShares 2x Long NVDA Daily ETF in the 3rd quarter worth $88,000. CoreCap Advisors LLC boosted its position in GraniteShares 2x Long NVDA Daily ETF by 200.0% in the second quarter. CoreCap Advisors LLC now owns 3,462 shares of the company’s stock worth $103,000 after purchasing an additional 2,308 shares during the last quarter. Finally, Headlands Technologies LLC grew its position in GraniteShares 2x Long NVDA Daily ETF by 953.1% during the second quarter. Headlands Technologies LLC now owns 1,685 shares of the company’s stock valued at $119,000 after buying an additional 1,525 shares during the period.

About GraniteShares 2x Long NVDA Daily ETF

(Get Free Report)

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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