Cherry Tree Wealth Management LLC Takes $39,000 Position in GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL)

Cherry Tree Wealth Management LLC purchased a new position in shares of GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 1,047 shares of the company’s stock, valued at approximately $39,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Hoey Investments Inc. grew its position in GraniteShares 2x Long NVDA Daily ETF by 95.9% in the first quarter. Hoey Investments Inc. now owns 35,751 shares of the company’s stock valued at $1,337,000 after acquiring an additional 17,503 shares during the last quarter. IMC Chicago LLC bought a new stake in shares of GraniteShares 2x Long NVDA Daily ETF during the 1st quarter valued at approximately $17,587,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in GraniteShares 2x Long NVDA Daily ETF during the 1st quarter worth approximately $79,000. Parallel Advisors LLC increased its position in GraniteShares 2x Long NVDA Daily ETF by 378.9% during the 1st quarter. Parallel Advisors LLC now owns 1,700 shares of the company’s stock worth $64,000 after purchasing an additional 1,345 shares in the last quarter. Finally, Josh Arnold Investment Consultant LLC lifted its stake in GraniteShares 2x Long NVDA Daily ETF by 88.2% in the 4th quarter. Josh Arnold Investment Consultant LLC now owns 26,725 shares of the company’s stock valued at $1,774,000 after purchasing an additional 12,525 shares during the last quarter.

GraniteShares 2x Long NVDA Daily ETF Stock Up 1.9%

NASDAQ NVDL opened at $60.14 on Friday. The firm’s fifty day moving average price is $46.42 and its two-hundred day moving average price is $53.15. GraniteShares 2x Long NVDA Daily ETF has a fifty-two week low of $23.12 and a fifty-two week high of $91.70.

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.