GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL – Get Free Report)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $93.94, but opened at $89.72. GraniteShares 2x Long NVDA Daily ETF shares last traded at $90.9410, with a volume of 5,552,977 shares traded.
GraniteShares 2x Long NVDA Daily ETF Stock Performance
The company’s 50 day moving average price is $92.06 and its two-hundred day moving average price is $77.40.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in NVDL. IFP Advisors Inc lifted its position in shares of GraniteShares 2x Long NVDA Daily ETF by 150.0% in the 1st quarter. IFP Advisors Inc now owns 1,000 shares of the company’s stock worth $37,000 after purchasing an additional 600 shares during the period. Chung Wu Investment Group LLC boosted its position in GraniteShares 2x Long NVDA Daily ETF by 350.0% during the third quarter. Chung Wu Investment Group LLC now owns 900 shares of the company’s stock valued at $84,000 after purchasing an additional 700 shares in the last quarter. CWM LLC bought a new position in GraniteShares 2x Long NVDA Daily ETF in the third quarter worth about $94,000. Spire Wealth Management lifted its position in shares of GraniteShares 2x Long NVDA Daily ETF by 3,483.3% during the third quarter. Spire Wealth Management now owns 1,075 shares of the company’s stock valued at $101,000 after buying an additional 1,045 shares during the last quarter. Finally, Signaturefd LLC purchased a new position in shares of GraniteShares 2x Long NVDA Daily ETF in the 1st quarter worth approximately $112,000.
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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