GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL – Get Free Report) were up 3.7% during mid-day trading on Tuesday . The stock traded as high as $78.26 and last traded at $77.46. Approximately 3,769,502 shares changed hands during mid-day trading, a decline of 79% from the average daily volume of 17,776,857 shares. The stock had previously closed at $74.68.
GraniteShares 2x Long NVDA Daily ETF Price Performance
The firm has a 50-day simple moving average of $67.90 and a 200 day simple moving average of $62.84.
Hedge Funds Weigh In On GraniteShares 2x Long NVDA Daily ETF
A number of institutional investors and hedge funds have recently bought and sold shares of NVDL. Barclays PLC boosted its stake in shares of GraniteShares 2x Long NVDA Daily ETF by 50.4% in the third quarter. Barclays PLC now owns 142,652 shares of the company’s stock valued at $8,301,000 after purchasing an additional 47,800 shares during the period. Weaver Consulting Group lifted its holdings in GraniteShares 2x Long NVDA Daily ETF by 4.7% in the 3rd quarter. Weaver Consulting Group now owns 4,472 shares of the company’s stock worth $260,000 after buying an additional 200 shares in the last quarter. Safe Harbor Fiduciary LLC acquired a new stake in shares of GraniteShares 2x Long NVDA Daily ETF during the third quarter valued at about $153,000. HighTower Advisors LLC acquired a new stake in shares of GraniteShares 2x Long NVDA Daily ETF during the third quarter valued at about $210,000. Finally, Josh Arnold Investment Consultant LLC acquired a new position in shares of GraniteShares 2x Long NVDA Daily ETF in the third quarter worth about $826,000.
GraniteShares 2x Long NVDA Daily ETF Company Profile
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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