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

GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL)’s stock price gapped up prior to trading on Tuesday. The stock had previously closed at $28.24, but opened at $29.83. GraniteShares 2x Long NVDA Daily ETF shares last traded at $29.6630, with a volume of 1,930,629 shares changing hands.

GraniteShares 2x Long NVDA Daily ETF Stock Up 6.3%

The firm has a fifty day simple moving average of $34.61 and a 200-day simple moving average of $31.72.

Institutional Trading of GraniteShares 2x Long NVDA Daily ETF

A number of large investors have recently bought and sold shares of NVDL. IFP Advisors Inc acquired a new stake in GraniteShares 2x Long NVDA Daily ETF during the 3rd quarter worth approximately $26,000. Vilga Financial Planning LLC bought a new position in GraniteShares 2x Long NVDA Daily ETF in the third quarter valued at approximately $220,000. Tactive Advisors LLC lifted its stake in GraniteShares 2x Long NVDA Daily ETF by 3.6% in the third quarter. Tactive Advisors LLC now owns 17,259 shares of the company’s stock valued at $634,000 after buying an additional 600 shares in the last quarter. Persium Advisors LLC acquired a new position in shares of GraniteShares 2x Long NVDA Daily ETF in the third quarter valued at approximately $844,000. Finally, Cherry Tree Wealth Management LLC boosted its holdings in shares of GraniteShares 2x Long NVDA Daily ETF by 255.9% in the second quarter. Cherry Tree Wealth Management LLC now owns 16,936 shares of the company’s stock valued at $505,000 after buying an additional 12,178 shares during the period.

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.