GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD) Stock Short Interest Report for October

GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totaling 1,720,245 shares, a decrease of 49.0% from the September 30th total of 3,373,054 shares. Based on an average daily volume of 77,746,139 shares, the short-interest ratio is presently 0.0 days. Currently, 12.7% of the shares of the company are sold short.

GraniteShares 2x Short NVDA Daily ETF Stock Up 8.3%

NVD traded up $0.34 on Friday, reaching $4.43. The company’s stock had a trading volume of 143,157,323 shares, compared to its average volume of 76,886,938. The company has a market capitalization of $67.82 million, a price-to-earnings ratio of -36.92 and a beta of -3.07. The stock has a 50 day moving average of $3.87 and a two-hundred day moving average of $5.33. GraniteShares 2x Short NVDA Daily ETF has a fifty-two week low of $3.19 and a fifty-two week high of $9.76.

Hedge Funds Weigh In On GraniteShares 2x Short NVDA Daily ETF

Large investors have recently added to or reduced their stakes in the company. Optiver Holding B.V. raised its position in shares of GraniteShares 2x Short NVDA Daily ETF by 1,209.1% during the 1st quarter. Optiver Holding B.V. now owns 175,687 shares of the company’s stock valued at $1,326,000 after acquiring an additional 162,267 shares during the last quarter. IMC Chicago LLC purchased a new stake in shares of GraniteShares 2x Short NVDA Daily ETF during the first quarter valued at approximately $2,222,000. LexAurum Advisors LLC raised its holdings in GraniteShares 2x Short NVDA Daily ETF by 9.5% during the 3rd quarter. LexAurum Advisors LLC now owns 57,515 shares of the company’s stock valued at $209,000 after acquiring an additional 5,000 shares during the period. Genesis Financial Group LLC increased its holdings in shares of GraniteShares 2x Short NVDA Daily ETF by 67.3% in the 1st quarter. Genesis Financial Group LLC now owns 114,888 shares of the company’s stock worth $867,000 after buying an additional 46,225 shares during the last quarter. Finally, MWA Asset Management bought a new stake in GraniteShares 2x Short NVDA Daily ETF in the first quarter valued at approximately $83,000.

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.