TRUE Private Wealth Advisors Has $4.97 Million Position in GraniteShares 2x Long NVDA Daily ETF $NVDL

TRUE Private Wealth Advisors cut its holdings in GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) by 7.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 70,519 shares of the company’s stock after selling 5,719 shares during the quarter. TRUE Private Wealth Advisors owned about 0.14% of GraniteShares 2x Long NVDA Daily ETF worth $4,966,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. IFP Advisors Inc raised its holdings in shares of GraniteShares 2x Long NVDA Daily ETF by 150.0% during the 1st quarter. IFP Advisors Inc now owns 1,000 shares of the company’s stock valued at $37,000 after purchasing an additional 600 shares in the last quarter. New Millennium Group LLC bought a new stake in GraniteShares 2x Long NVDA Daily ETF in the second quarter worth $133,000. Vestor Capital LLC increased its position in GraniteShares 2x Long NVDA Daily ETF by 91.7% during the first quarter. Vestor Capital LLC now owns 4,600 shares of the company’s stock worth $172,000 after buying an additional 2,200 shares during the last quarter. Dudley Capital Management LLC bought a new position in GraniteShares 2x Long NVDA Daily ETF during the second quarter valued at about $204,000. Finally, Charter Oak Capital Management LLC bought a new position in GraniteShares 2x Long NVDA Daily ETF during the second quarter valued at about $211,000.

GraniteShares 2x Long NVDA Daily ETF Trading Down 5.6%

NVDL opened at $85.28 on Wednesday. The stock has a 50-day moving average of $92.44 and a 200-day moving average of $78.11. GraniteShares 2x Long NVDA Daily ETF has a 52-week low of $23.12 and a 52-week high of $118.50.

GraniteShares 2x Long NVDA Daily ETF 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.