GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) Short Interest Update

GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 13,280,000 shares, a growth of 37.9% from the September 30th total of 9,630,000 shares. Approximately 26.1% of the shares of the stock are sold short. Based on an average trading volume of 13,147,900 shares, the days-to-cover ratio is currently 1.0 days. Based on an average trading volume of 13,147,900 shares, the days-to-cover ratio is currently 1.0 days. Approximately 26.1% of the shares of the stock are sold short.

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

Institutional investors and hedge funds have recently bought and sold shares of the company. XTX Topco Ltd acquired a new position in shares of GraniteShares 2x Long NVDA Daily ETF in the 1st quarter worth approximately $658,000. Sigma Planning Corp lifted its holdings in shares of GraniteShares 2x Long NVDA Daily ETF by 26.7% in the 1st quarter. Sigma Planning Corp now owns 11,045 shares of the company’s stock worth $413,000 after acquiring an additional 2,326 shares during the last quarter. Flagstar Advisors Inc. acquired a new position in shares of GraniteShares 2x Long NVDA Daily ETF in the 2nd quarter worth approximately $232,000. 180 Wealth Advisors LLC acquired a new position in shares of GraniteShares 2x Long NVDA Daily ETF in the 2nd quarter worth approximately $446,000. Finally, World Investment Advisors purchased a new stake in GraniteShares 2x Long NVDA Daily ETF during the 2nd quarter worth approximately $352,000.

GraniteShares 2x Long NVDA Daily ETF Stock Performance

NVDL opened at $112.73 on Tuesday. The firm’s 50-day moving average price is $89.66 and its 200 day moving average price is $73.32. GraniteShares 2x Long NVDA Daily ETF has a twelve month low of $23.12 and a twelve month high of $118.50.

About GraniteShares 2x Long NVDA Daily ETF

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.