GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) Shares Gap Down – Here’s What Happened

GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) shares gapped down before the market opened on Monday . The stock had previously closed at $93.94, but opened at $89.72. GraniteShares 2x Long NVDA Daily ETF shares last traded at $90.9410, with a volume of 5,552,977 shares.

GraniteShares 2x Long NVDA Daily ETF Stock Performance

The stock’s 50 day moving average is $92.44 and its two-hundred day moving average is $78.11.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. APEIRON CAPITAL Ltd bought a new position in shares of GraniteShares 2x Long NVDA Daily ETF in the 3rd quarter worth $88,003,000. Flow Traders U.S. LLC bought a new stake in GraniteShares 2x Long NVDA Daily ETF in the first quarter valued at about $3,950,000. HUB Investment Partners LLC acquired a new position in GraniteShares 2x Long NVDA Daily ETF in the third quarter valued at about $9,034,000. Stevens Capital Management LP bought a new position in GraniteShares 2x Long NVDA Daily ETF during the third quarter worth about $3,895,000. Finally, Client First Investment Management LLC bought a new position in GraniteShares 2x Long NVDA Daily ETF during the second quarter worth about $2,715,000.

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.