GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) Trading 4.3% Higher – Here’s What Happened

GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) shares traded up 4.3% during trading on Tuesday . The stock traded as high as $89.50 and last traded at $89.3530. 5,128,314 shares were traded during trading, a decline of 72% from the average session volume of 18,132,902 shares. The stock had previously closed at $85.68.

GraniteShares 2x Long NVDA Daily ETF Price Performance

The business has a 50-day simple moving average of $89.89 and a 200-day simple moving average of $84.09.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. CreativeOne Wealth LLC purchased a new stake in GraniteShares 2x Long NVDA Daily ETF during the 2nd quarter worth about $350,000. Flagstar Advisors Inc. purchased a new position in shares of GraniteShares 2x Long NVDA Daily ETF in the 2nd quarter valued at about $232,000. 180 Wealth Advisors LLC acquired a new stake in shares of GraniteShares 2x Long NVDA Daily ETF during the 2nd quarter worth about $446,000. World Investment Advisors acquired a new stake in shares of GraniteShares 2x Long NVDA Daily ETF during the 2nd quarter worth about $352,000. Finally, Vestor Capital LLC lifted its stake in GraniteShares 2x Long NVDA Daily ETF by 54.6% during the second quarter. Vestor Capital LLC now owns 7,112 shares of the company’s stock worth $503,000 after purchasing an additional 2,512 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.