GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD) Short Interest Up 24.3% in February

GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD) was the target of a significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 1,894,471 shares, a growth of 24.3% from the January 29th total of 1,524,164 shares. Based on an average daily trading volume, of 55,574,578 shares, the short-interest ratio is currently 0.0 days. Approximately 16.6% of the company’s shares are sold short. Approximately 16.6% of the company’s shares are sold short. Based on an average daily trading volume, of 55,574,578 shares, the short-interest ratio is currently 0.0 days.

Institutional Trading of GraniteShares 2x Short NVDA Daily ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NVD. Corient Private Wealth LLC purchased a new stake in GraniteShares 2x Short NVDA Daily ETF in the 4th quarter valued at $179,000. Jump Financial LLC raised its stake in shares of GraniteShares 2x Short NVDA Daily ETF by 1,202.4% in the fourth quarter. Jump Financial LLC now owns 390,688 shares of the company’s stock valued at $2,793,000 after buying an additional 360,690 shares during the period. HRT Financial LP purchased a new stake in GraniteShares 2x Short NVDA Daily ETF during the fourth quarter valued at about $119,000. StoneX Group Inc. bought a new position in GraniteShares 2x Short NVDA Daily ETF in the 4th quarter worth approximately $287,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of GraniteShares 2x Short NVDA Daily ETF in the fourth quarter valued at $43,000.

GraniteShares 2x Short NVDA Daily ETF Stock Performance

Shares of NASDAQ:NVD traded up $0.36 during midday trading on Tuesday, reaching $7.44. The company’s stock had a trading volume of 13,157,939 shares, compared to its average volume of 58,507,613. The firm has a market capitalization of $84.94 million, a price-to-earnings ratio of -61.97 and a beta of -3.35. GraniteShares 2x Short NVDA Daily ETF has a fifty-two week low of $6.12 and a fifty-two week high of $51.62. The firm has a 50 day moving average price of $7.12 and a two-hundred day moving average price of $8.32.

GraniteShares 2x Short NVDA Daily ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 29th were given a $0.8456 dividend. This represents a c) dividend on an annualized basis and a yield of 136.3%. The ex-dividend date of this dividend was Monday, December 29th. GraniteShares 2x Short NVDA Daily ETF’s payout ratio is presently -700.00%.

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.