GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD – Get Free Report)’s share price traded up 1.6% during mid-day trading on Thursday . The stock traded as high as $5.24 and last traded at $5.06. 62,788,236 shares were traded during trading, a decline of 12% from the average session volume of 71,376,031 shares. The stock had previously closed at $4.98.
GraniteShares 2x Short NVDA Daily ETF Price Performance
The business’s 50-day moving average price is $4.91 and its two-hundred day moving average price is $6.25. The firm has a market cap of $54.54 million, a price-to-earnings ratio of -38.75 and a beta of -3.06.
Institutional Trading of GraniteShares 2x Short NVDA Daily ETF
Several hedge funds and other institutional investors have recently bought and sold shares of NVD. Group One Trading LLC grew its position in shares of GraniteShares 2x Short NVDA Daily ETF by 43.6% in the second quarter. Group One Trading LLC now owns 17,241 shares of the company’s stock valued at $218,000 after purchasing an additional 5,237 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in GraniteShares 2x Short NVDA Daily ETF in the fourth quarter valued at $43,000. StoneX Group Inc. lifted its position in GraniteShares 2x Short NVDA Daily ETF by 83.0% during the second quarter. StoneX Group Inc. now owns 15,879 shares of the company’s stock worth $201,000 after buying an additional 7,200 shares during the period. MWA Asset Management acquired a new stake in GraniteShares 2x Short NVDA Daily ETF in the 1st quarter worth about $83,000. Finally, HRT Financial LP acquired a new stake in GraniteShares 2x Short NVDA Daily ETF in the 4th quarter worth about $119,000.
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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