GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) Trading 3.9% Higher – Here’s What Happened

GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) shares were up 3.9% on Tuesday . The stock traded as high as $83.80 and last traded at $83.74. Approximately 2,286,942 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 17,828,729 shares. The stock had previously closed at $80.58.

GraniteShares 2x Long NVDA Daily ETF Stock Performance

The business’s 50-day moving average price is $65.21 and its 200-day moving average price is $61.63.

Institutional Trading of GraniteShares 2x Long NVDA Daily ETF

Several hedge funds have recently bought and sold shares of the stock. Private Ocean LLC purchased a new position in shares of GraniteShares 2x Long NVDA Daily ETF during the 2nd quarter valued at about $35,000. National Bank of Canada FI bought a new stake in GraniteShares 2x Long NVDA Daily ETF during the 2nd quarter worth approximately $42,000. Gilliland Jeter Wealth Management LLC purchased a new position in GraniteShares 2x Long NVDA Daily ETF during the second quarter valued at approximately $72,000. Hollencrest Capital Management boosted its position in shares of GraniteShares 2x Long NVDA Daily ETF by 5,677.8% in the second quarter. Hollencrest Capital Management now owns 1,040 shares of the company’s stock worth $72,000 after purchasing an additional 1,022 shares during the period. Finally, Centaurus Financial Inc. purchased a new stake in shares of GraniteShares 2x Long NVDA Daily ETF in the third quarter worth $134,000.

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.