GraniteShares 2x Long NVDA Daily ETF Sees Unusually Large Options Volume (NASDAQ:NVDL)

GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) was the target of unusually large options trading activity on Friday. Stock traders purchased 5,031 call options on the company. This is an increase of approximately 40% compared to the average daily volume of 3,592 call options.

GraniteShares 2x Long NVDA Daily ETF Trading Down 6.3 %

Shares of NVDL stock traded down $2.25 on Friday, hitting $33.69. 9,082,675 shares of the stock traded hands, compared to its average volume of 11,271,831. GraniteShares 2x Long NVDA Daily ETF has a twelve month low of $7.14 and a twelve month high of $49.21. The firm’s 50-day moving average price is $34.90 and its two-hundred day moving average price is $21.36.

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

A number of hedge funds have recently modified their holdings of NVDL. IMC Chicago LLC purchased a new stake in shares of GraniteShares 2x Long NVDA Daily ETF in the first quarter valued at about $5,753,000. Jane Street Group LLC purchased a new stake in shares of GraniteShares 2x Long NVDA Daily ETF in the fourth quarter valued at about $469,000. Clarity Capital Partners LLC purchased a new stake in shares of GraniteShares 2x Long NVDA Daily ETF in the fourth quarter valued at about $1,648,000. SeaCrest Wealth Management LLC purchased a new stake in shares of GraniteShares 2x Long NVDA Daily ETF in the first quarter valued at about $695,000. Finally, Capital CS Group LLC grew its holdings in shares of GraniteShares 2x Long NVDA Daily ETF by 519.0% in the first quarter. Capital CS Group LLC now owns 16,489 shares of the company’s stock valued at $684,000 after purchasing an additional 13,825 shares during the period.

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.