GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD – Get Free Report) saw a large increase in short interest in March. As of March 15th, there was short interest totalling 385,500 shares, an increase of 159.2% from the February 28th total of 148,700 shares. Based on an average trading volume of 3,898,700 shares, the days-to-cover ratio is presently 0.1 days. Approximately 14.4% of the shares of the stock are short sold.
Institutional Investors Weigh In On GraniteShares 2x Short NVDA Daily ETF
Several large investors have recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new stake in shares of GraniteShares 2x Short NVDA Daily ETF in the fourth quarter worth approximately $31,000. Tower Research Capital LLC TRC purchased a new position in GraniteShares 2x Short NVDA Daily ETF in the 4th quarter valued at $300,000. Trek Financial LLC acquired a new stake in GraniteShares 2x Short NVDA Daily ETF during the 4th quarter worth $5,742,000. Finally, IHT Wealth Management LLC acquired a new stake in GraniteShares 2x Short NVDA Daily ETF during the 3rd quarter worth $1,232,000.
GraniteShares 2x Short NVDA Daily ETF Trading Up 3.3 %
NASDAQ:NVD traded up $1.10 during trading hours on Friday, reaching $33.94. 3,738,181 shares of the company were exchanged, compared to its average volume of 1,971,021. The firm has a market cap of $90.96 million, a PE ratio of -282.83 and a beta of -4.30. GraniteShares 2x Short NVDA Daily ETF has a twelve month low of $22.16 and a twelve month high of $171.50. The stock’s 50-day moving average is $29.09 and its 200-day moving average is $32.20.
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.
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