GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) Trading Up 6%

GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) rose 6% during trading on Thursday . The stock traded as high as $33.33 and last traded at $33.14. Approximately 7,678,352 shares were traded during trading, a decline of 35% from the average daily volume of 11,729,310 shares. The stock had previously closed at $31.25.

GraniteShares 2x Long NVDA Daily ETF Stock Performance

The firm has a 50 day moving average of $35.43 and a 200 day moving average of $21.95.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of NVDL. AlphaMark Advisors LLC bought a new stake in GraniteShares 2x Long NVDA Daily ETF during the third quarter worth $34,000. Headlands Technologies LLC lifted its holdings in GraniteShares 2x Long NVDA Daily ETF by 567.6% during the fourth quarter. Headlands Technologies LLC now owns 494 shares of the company’s stock worth $44,000 after acquiring an additional 420 shares during the period. NBC Securities Inc. bought a new stake in GraniteShares 2x Long NVDA Daily ETF during the first quarter worth $59,000. Signaturefd LLC bought a new stake in GraniteShares 2x Long NVDA Daily ETF during the third quarter worth $153,000. Finally, Capital CS Group LLC bought a new stake in GraniteShares 2x Long NVDA Daily ETF during the fourth quarter worth $239,000.

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.