GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL – Get Free Report)’s stock price dropped 9.3% on Friday . The stock traded as low as $33.63 and last traded at $33.64. Approximately 20,643,607 shares traded hands during trading, a decline of 14% from the average daily volume of 23,946,035 shares. The stock had previously closed at $37.07.
GraniteShares 2x Long NVDA Daily ETF Stock Down 9.0%
The business’s 50-day moving average price is $31.83 and its 200-day moving average price is $31.09.
Institutional Investors Weigh In On GraniteShares 2x Long NVDA Daily ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. purchased a new position in shares of GraniteShares 2x Long NVDA Daily ETF during the 4th quarter valued at $30,804,000. Corient Private Wealth LP acquired a new stake in GraniteShares 2x Long NVDA Daily ETF during the second quarter valued at $2,777,000. Renaissance Technologies LLC purchased a new position in GraniteShares 2x Long NVDA Daily ETF in the first quarter valued at about $5,907,000. Hoey Investments Inc. grew its stake in GraniteShares 2x Long NVDA Daily ETF by 12.6% in the first quarter. Hoey Investments Inc. now owns 44,234 shares of the company’s stock valued at $3,210,000 after purchasing an additional 4,935 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd increased its position in GraniteShares 2x Long NVDA Daily ETF by 105.0% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 41,152 shares of the company’s stock worth $3,622,000 after purchasing an additional 21,073 shares during the last quarter.
GraniteShares 2x Long NVDA Daily ETF Company 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.
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