Stock Traders Purchase High Volume of Call Options on GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD)

GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVDGet Free Report) was the recipient of some unusual options trading activity on Monday. Stock traders bought 2,546 call options on the stock. This is an increase of approximately 192% compared to the typical daily volume of 871 call options.

GraniteShares 2x Short NVDA Daily ETF Trading Up 6.8%

Shares of NASDAQ NVD opened at $4.26 on Tuesday. GraniteShares 2x Short NVDA Daily ETF has a twelve month low of $3.46 and a twelve month high of $10.78. The firm has a 50-day moving average of $4.40 and a two-hundred day moving average of $5.33. The company has a market capitalization of $594.69 billion, a price-to-earnings ratio of -35.50 and a beta of -3.08.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. IMC Chicago LLC purchased a new stake in GraniteShares 2x Short NVDA Daily ETF in the 1st quarter worth approximately $2,222,000. Optiver Holding B.V. grew its holdings in shares of GraniteShares 2x Short NVDA Daily ETF by 1,209.1% during the 1st quarter. Optiver Holding B.V. now owns 175,687 shares of the company’s stock valued at $1,326,000 after acquiring an additional 162,267 shares in the last quarter. Genesis Financial Group LLC increased its stake in shares of GraniteShares 2x Short NVDA Daily ETF by 67.3% in the first quarter. Genesis Financial Group LLC now owns 114,888 shares of the company’s stock worth $867,000 after acquiring an additional 46,225 shares during the last quarter. Group One Trading LLC purchased a new stake in shares of GraniteShares 2x Short NVDA Daily ETF during the first quarter worth $262,000. Finally, MWA Asset Management purchased a new stake in shares of GraniteShares 2x Short NVDA Daily ETF during the first quarter worth $83,000.

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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