Genesis Financial Group LLC Takes $491,000 Position in GraniteShares 2x Short NVDA Daily ETF $NVD

Genesis Financial Group LLC bought a new position in GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 68,663 shares of the company’s stock, valued at approximately $491,000. Genesis Financial Group LLC owned approximately 0.55% of GraniteShares 2x Short NVDA Daily ETF at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NVD. Trek Financial LLC bought a new stake in GraniteShares 2x Short NVDA Daily ETF in the 3rd quarter worth approximately $8,056,000. Group One Trading LLC boosted its position in shares of GraniteShares 2x Short NVDA Daily ETF by 43.6% during the 2nd quarter. Group One Trading LLC now owns 17,241 shares of the company’s stock valued at $218,000 after acquiring an additional 5,237 shares during the last quarter. Jump Financial LLC boosted its position in shares of GraniteShares 2x Short NVDA Daily ETF by 402.9% during the 2nd quarter. Jump Financial LLC now owns 186,494 shares of the company’s stock valued at $2,357,000 after acquiring an additional 149,408 shares during the last quarter. Jane Street Group LLC grew its holdings in shares of GraniteShares 2x Short NVDA Daily ETF by 85.9% in the first quarter. Jane Street Group LLC now owns 58,700 shares of the company’s stock valued at $2,032,000 after purchasing an additional 27,126 shares in the last quarter. Finally, StoneX Group Inc. grew its holdings in shares of GraniteShares 2x Short NVDA Daily ETF by 83.0% in the second quarter. StoneX Group Inc. now owns 15,879 shares of the company’s stock valued at $201,000 after purchasing an additional 7,200 shares in the last quarter.

GraniteShares 2x Short NVDA Daily ETF Stock Performance

Shares of NVD opened at $7.31 on Friday. The stock has a market capitalization of $83.33 million, a PE ratio of -60.92 and a beta of -3.35. The company’s fifty day moving average is $7.16 and its 200 day moving average is $7.92. GraniteShares 2x Short NVDA Daily ETF has a fifty-two week low of $6.12 and a fifty-two week high of $51.62.

GraniteShares 2x Short NVDA Daily ETF Profile

The GraniteShares 2x Short NVDA Daily ETF (NVD) is an exchange-traded fund that mostly invests in information technology equity. The fund provides 2x inverse leveraged exposure, less fees and expenses, to the daily price movement for shares of NVIDIA Corporation stock. NVD was launched on Aug 21, 2023 and is issued by GraniteShares.