GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) Shares Up 9.4% – Still a Buy?

GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) shares rose 9.4% on Wednesday . The stock traded as high as $59.49 and last traded at $58.51. Approximately 12,146,062 shares changed hands during trading, a decline of 50% from the average daily volume of 24,135,156 shares. The stock had previously closed at $53.50.

GraniteShares 2x Long NVDA Daily ETF Stock Up 5.2 %

The business’s fifty day moving average is $64.31 and its 200-day moving average is $65.99.

Institutional Investors Weigh In On GraniteShares 2x Long NVDA Daily ETF

Several institutional investors have recently made changes to their positions in the company. Weaver Consulting Group increased its position in GraniteShares 2x Long NVDA Daily ETF by 4.7% during the 3rd quarter. Weaver Consulting Group now owns 4,472 shares of the company’s stock valued at $260,000 after purchasing an additional 200 shares during the period. Tower Research Capital LLC TRC grew its holdings in GraniteShares 2x Long NVDA Daily ETF by 26.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,088 shares of the company’s stock worth $72,000 after acquiring an additional 229 shares during the period. Brookstone Capital Management boosted its holdings in GraniteShares 2x Long NVDA Daily ETF by 1.0% in the fourth quarter. Brookstone Capital Management now owns 38,231 shares of the company’s stock valued at $2,538,000 after acquiring an additional 373 shares during the last quarter. IFP Advisors Inc acquired a new position in shares of GraniteShares 2x Long NVDA Daily ETF in the 4th quarter valued at approximately $27,000. Finally, Flagstar Advisors Inc. grew its stake in shares of GraniteShares 2x Long NVDA Daily ETF by 24.3% in the third quarter. Flagstar Advisors Inc. now owns 4,294 shares of the company’s stock worth $250,000 after purchasing an additional 840 shares in the last quarter.

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.