Stock Traders Buy Large Volume of GraniteShares 2x Short NVDA Daily ETF Call Options (NASDAQ:NVD)

GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD) was the target of unusually large options trading activity on Monday. Stock investors acquired 2,546 call options on the company. This is an increase of 192% compared to the typical volume of 871 call options.

GraniteShares 2x Short NVDA Daily ETF Price Performance

Shares of GraniteShares 2x Short NVDA Daily ETF stock opened at $4.22 on Wednesday. GraniteShares 2x Short NVDA Daily ETF has a 1 year low of $3.46 and a 1 year high of $10.78. The company has a market capitalization of $589.11 billion, a P/E ratio of -35.17 and a beta of -3.08. The business has a 50 day moving average price of $4.37 and a 200 day moving average price of $5.32.

Hedge Funds Weigh In On GraniteShares 2x Short NVDA Daily ETF

Hedge funds have recently bought and sold shares of the stock. MWA Asset Management acquired a new stake in shares of GraniteShares 2x Short NVDA Daily ETF during the 1st quarter worth about $83,000. Group One Trading LLC acquired a new position in shares of GraniteShares 2x Short NVDA Daily ETF in the first quarter valued at approximately $262,000. Genesis Financial Group LLC raised its position 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 valued at $867,000 after buying an additional 46,225 shares during the last quarter. Optiver Holding B.V. lifted its stake in shares of GraniteShares 2x Short NVDA Daily ETF by 1,209.1% during the first quarter. Optiver Holding B.V. now owns 175,687 shares of the company’s stock valued at $1,326,000 after buying an additional 162,267 shares during the period. Finally, IMC Chicago LLC purchased a new position in shares of GraniteShares 2x Short NVDA Daily ETF during the first quarter valued at approximately $2,222,000.

GraniteShares 2x Short NVDA Daily ETF Company 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.