GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL – Get Free Report)’s stock price traded down 8.5% on Tuesday. The company traded as low as $19.57 and last traded at $19.8110. 18,507,369 shares changed hands during mid-day trading, a decline of 12% from the average session volume of 20,928,199 shares. The stock had previously closed at $21.64.
GraniteShares 2x Long NVDA Daily ETF Stock Down 13.6%
The stock has a 50 day moving average of $33.78 and a two-hundred day moving average of $31.64.
Institutional Investors Weigh In On GraniteShares 2x Long NVDA Daily ETF
A number of hedge funds have recently bought and sold shares of NVDL. Vestor Capital LLC lifted its holdings in shares of GraniteShares 2x Long NVDA Daily ETF by 3.9% during the 1st quarter. Vestor Capital LLC now owns 5,502 shares of the company’s stock worth $399,000 after acquiring an additional 204 shares during the period. Tactive Advisors LLC increased its stake in GraniteShares 2x Long NVDA Daily ETF by 3.6% in the third quarter. Tactive Advisors LLC now owns 17,259 shares of the company’s stock valued at $634,000 after acquiring an additional 600 shares during the period. IFP Advisors Inc bought a new stake in GraniteShares 2x Long NVDA Daily ETF in the third quarter valued at about $26,000. 180 Wealth Advisors LLC raised its position in GraniteShares 2x Long NVDA Daily ETF by 35.1% in the first quarter. 180 Wealth Advisors LLC now owns 4,993 shares of the company’s stock worth $362,000 after purchasing an additional 1,297 shares in the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new position in GraniteShares 2x Long NVDA Daily ETF in the second quarter worth about $43,000.
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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