GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD) Short Interest Update

GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 2,986,156 shares, a decline of 49.9% from the August 15th total of 5,962,961 shares. Based on an average daily trading volume, of 85,130,666 shares, the days-to-cover ratio is currently 0.0 days. Currently, 27.2% of the company’s shares are short sold.

GraniteShares 2x Short NVDA Daily ETF Trading Down 1.7%

Shares of NVD traded down $0.07 on Wednesday, reaching $4.15. 104,413,508 shares of the company’s stock were exchanged, compared to its average volume of 73,927,016. The stock has a market capitalization of $579.34 billion, a P/E ratio of -34.58 and a beta of -3.08. The business has a 50 day moving average price of $4.36 and a two-hundred day moving average price of $5.30. GraniteShares 2x Short NVDA Daily ETF has a 12 month low of $3.46 and a 12 month high of $10.78.

Institutional Trading of GraniteShares 2x Short NVDA Daily ETF

A number of institutional investors have recently bought and sold shares of NVD. MWA Asset Management bought a new position in shares of GraniteShares 2x Short NVDA Daily ETF in the 1st quarter worth $83,000. Group One Trading LLC acquired a new stake in shares of GraniteShares 2x Short NVDA Daily ETF during the first quarter worth $262,000. Genesis Financial Group LLC increased its holdings in GraniteShares 2x Short NVDA Daily ETF by 67.3% in the first quarter. Genesis Financial Group LLC now owns 114,888 shares of the company’s stock valued at $867,000 after purchasing an additional 46,225 shares during the last quarter. Optiver Holding B.V. increased its holdings in GraniteShares 2x Short NVDA Daily ETF by 1,209.1% in the first quarter. Optiver Holding B.V. now owns 175,687 shares of the company’s stock valued at $1,326,000 after purchasing an additional 162,267 shares during the last quarter. Finally, IMC Chicago LLC acquired a new position in GraniteShares 2x Short NVDA Daily ETF in the first quarter valued at about $2,222,000.

GraniteShares 2x Short NVDA Daily ETF Company 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.