Stevens Capital Management LP Takes $3.90 Million Position in GraniteShares 2x Long NVDA Daily ETF $NVDL

Stevens Capital Management LP bought a new stake in GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) in the third quarter, Holdings Channel reports. The institutional investor bought 41,606 shares of the company’s stock, valued at approximately $3,895,000.

A number of other institutional investors have also recently bought and sold shares of the business. JPMorgan Chase & Co. increased its holdings in GraniteShares 2x Long NVDA Daily ETF by 412.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 22,410 shares of the company’s stock valued at $2,098,000 after buying an additional 18,039 shares during the period. IMC Chicago LLC bought a new position in shares of GraniteShares 2x Long NVDA Daily ETF during the 3rd quarter worth about $1,870,000. Chung Wu Investment Group LLC boosted its position in shares of GraniteShares 2x Long NVDA Daily ETF by 350.0% during the 3rd quarter. Chung Wu Investment Group LLC now owns 900 shares of the company’s stock valued at $84,000 after acquiring an additional 700 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of GraniteShares 2x Long NVDA Daily ETF during the 3rd quarter valued at about $224,000. Finally, GatePass Capital LLC increased its stake in GraniteShares 2x Long NVDA Daily ETF by 12.9% in the third quarter. GatePass Capital LLC now owns 17,981 shares of the company’s stock valued at $1,683,000 after acquiring an additional 2,049 shares during the period.

GraniteShares 2x Long NVDA Daily ETF Price Performance

NASDAQ:NVDL opened at $88.48 on Friday. GraniteShares 2x Long NVDA Daily ETF has a 12-month low of $23.12 and a 12-month high of $118.50. The firm has a 50-day moving average price of $86.03 and a 200 day moving average price of $88.13.

GraniteShares 2x Long NVDA Daily ETF 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.