GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) Stock Sees Unusually High Call Option Buying

GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) saw unusually large options trading activity on Wednesday. Investors purchased 41,154 call options on the stock. This represents an increase of 29% compared to the typical volume of 31,951 call options.

GraniteShares 2x Long NVDA Daily ETF Trading Up 6.9%

Shares of NASDAQ NVDL traded up $1.33 during mid-day trading on Wednesday, hitting $20.61. 38,243,373 shares of the stock traded hands, compared to its average volume of 21,251,770. GraniteShares 2x Long NVDA Daily ETF has a twelve month low of $18.55 and a twelve month high of $43.27. The firm has a 50 day simple moving average of $33.47 and a two-hundred day simple moving average of $31.59.

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

Several large investors have recently bought and sold shares of the company. Renaissance Technologies LLC bought a new stake in shares of GraniteShares 2x Long NVDA Daily ETF during the first quarter worth about $5,907,000. Vestor Capital LLC acquired a new position in shares of GraniteShares 2x Long NVDA Daily ETF during the third quarter worth $5,474,000. Corient Private Wealth LP acquired a new position in shares of GraniteShares 2x Long NVDA Daily ETF during the second quarter worth $2,777,000. Optiver Holding B.V. lifted its holdings in shares of GraniteShares 2x Long NVDA Daily ETF by 7.7% during the first quarter. Optiver Holding B.V. now owns 22,874 shares of the company’s stock worth $1,660,000 after purchasing an additional 1,632 shares during the period. Finally, Diversify Wealth Management LLC grew its stake in shares of GraniteShares 2x Long NVDA Daily ETF by 43.3% in the first quarter. Diversify Wealth Management LLC now owns 21,672 shares of the company’s stock worth $1,573,000 after purchasing an additional 6,546 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.