GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD) Short Interest Down 56.5% in June

GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVDGet Free Report) saw a significant decline in short interest in June. As of June 30th, there was short interest totaling 1,708,736 shares, a decline of 56.5% from the June 15th total of 3,931,924 shares. Based on an average daily volume of 64,235,591 shares, the days-to-cover ratio is currently 0.0 days. Currently, 14.6% of the shares of the stock are sold short.

Institutional Trading of GraniteShares 2x Short NVDA Daily ETF

Several hedge funds have recently added to or reduced their stakes in the business. Genesis Financial Group LLC purchased a new stake in GraniteShares 2x Short NVDA Daily ETF during the 4th quarter valued at about $491,000. Hamilton Wealth LLC bought a new position in shares of GraniteShares 2x Short NVDA Daily ETF in the 3rd quarter worth about $164,000. Group One Trading LLC boosted its stake in GraniteShares 2x Short NVDA Daily ETF by 43.6% during the second quarter. Group One Trading LLC now owns 17,241 shares of the company’s stock worth $218,000 after acquiring an additional 5,237 shares in the last quarter. Jump Financial LLC boosted its stake in GraniteShares 2x Short NVDA Daily ETF by 402.9% during the second quarter. Jump Financial LLC now owns 186,494 shares of the company’s stock worth $2,357,000 after acquiring an additional 149,408 shares in the last quarter. Finally, IMC Chicago LLC purchased a new stake in GraniteShares 2x Short NVDA Daily ETF in the first quarter worth about $2,222,000.

GraniteShares 2x Short NVDA Daily ETF Trading Down 8.6%

Shares of NASDAQ:NVD traded down $0.43 during trading on Tuesday, reaching $4.55. The company had a trading volume of 51,814,144 shares, compared to its average volume of 71,100,875. The stock has a market capitalization of $45.82 million, a P/E ratio of -37.92 and a beta of -3.06. GraniteShares 2x Short NVDA Daily ETF has a 12 month low of $3.93 and a 12 month high of $11.50. The company has a fifty day moving average of $4.90 and a two-hundred day moving average of $6.22.

GraniteShares 2x Short NVDA Daily ETF Company Profile

(Get Free Report)

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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