Trek Financial LLC Takes Position in GraniteShares 2x Short NVDA Daily ETF $NVD

Trek Financial LLC acquired a new position in shares of GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 925,962 shares of the company’s stock, valued at approximately $8,056,000. Trek Financial LLC owned about 0.05% of GraniteShares 2x Short NVDA Daily ETF at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. StoneX Group Inc. grew its holdings in shares of 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 purchasing an additional 7,200 shares during the last quarter. Group One Trading LLC grew its holdings in GraniteShares 2x Short NVDA Daily ETF by 43.6% during the 2nd 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 during the last quarter. Stonehage Fleming Financial Services Holdings Ltd acquired a new position in GraniteShares 2x Short NVDA Daily ETF in the 2nd quarter valued at approximately $384,000. Jane Street Group LLC raised its stake in shares of GraniteShares 2x Short NVDA Daily ETF by 85.9% during the first quarter. Jane Street Group LLC now owns 58,700 shares of the company’s stock valued at $2,032,000 after acquiring an additional 27,126 shares during the last quarter. Finally, Jump Financial LLC lifted its holdings in shares of 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 purchasing an additional 149,408 shares during the period.

GraniteShares 2x Short NVDA Daily ETF Trading Down 3.2%

NASDAQ:NVD traded down $0.23 during trading hours on Friday, hitting $7.00. 50,504,847 shares of the company were exchanged, compared to its average volume of 55,468,695. The stock has a market capitalization of $87.15 million, a price-to-earnings ratio of -58.33 and a beta of -3.35. GraniteShares 2x Short NVDA Daily ETF has a one year low of $6.51 and a one year high of $51.62. The company has a fifty day simple moving average of $8.03 and a 200 day simple moving average of $8.95.

GraniteShares 2x Short NVDA Daily ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 29th were paid a $0.8456 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 145.0%. The ex-dividend date of this dividend was Monday, December 29th. GraniteShares 2x Short NVDA Daily ETF’s payout ratio is currently -700.00%.

GraniteShares 2x Short NVDA Daily ETF Profile

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.