GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL – Get Free Report)’s stock price dropped 4.9% during mid-day trading on Thursday . The company traded as low as $29.43 and last traded at $29.47. Approximately 7,309,700 shares changed hands during mid-day trading, a decline of 73% from the average session volume of 26,599,324 shares. The stock had previously closed at $30.99.
GraniteShares 2x Long NVDA Daily ETF Trading Up 8.1%
The company’s fifty day simple moving average is $33.48 and its two-hundred day simple moving average is $30.17.
Institutional Trading of GraniteShares 2x Long NVDA Daily ETF
A number of institutional investors and hedge funds have recently modified their holdings of NVDL. Vestor Capital LLC lifted its stake in GraniteShares 2x Long NVDA Daily ETF by 3.9% in the first quarter. Vestor Capital LLC now owns 5,502 shares of the company’s stock valued at $399,000 after buying an additional 204 shares during the last quarter. Tactive Advisors LLC raised its stake in GraniteShares 2x Long NVDA Daily ETF by 8.1% during the 1st quarter. Tactive Advisors LLC now owns 3,403 shares of the company’s stock valued at $247,000 after acquiring an additional 254 shares in the last quarter. Parallel Advisors LLC raised its stake in GraniteShares 2x Long NVDA Daily ETF by 104.3% during the 4th quarter. Parallel Advisors LLC now owns 613 shares of the company’s stock valued at $54,000 after acquiring an additional 313 shares in the last quarter. Financial Life Planners acquired a new position in GraniteShares 2x Long NVDA Daily ETF during the 1st quarter worth $25,000. Finally, Sigma Planning Corp boosted its position in GraniteShares 2x Long NVDA Daily ETF by 4.9% during the 4th quarter. Sigma Planning Corp now owns 11,645 shares of the company’s stock worth $1,025,000 after acquiring an additional 545 shares during the period.
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.
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