Short Interest in GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD) Rises By 91.3%

GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD) was the recipient of a significant increase in short interest in December. As of December 15th, there was short interest totaling 1,516,363 shares, an increase of 91.3% from the November 30th total of 792,606 shares. Based on an average daily volume of 32,484,560 shares, the short-interest ratio is presently 0.0 days. Currently, 7.8% of the shares of the stock are sold short. Currently, 7.8% of the shares of the stock are sold short. Based on an average daily volume of 32,484,560 shares, the short-interest ratio is presently 0.0 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. SBI Securities Co. Ltd. raised its position in GraniteShares 2x Short NVDA Daily ETF by 261.1% in the third quarter. SBI Securities Co. Ltd. now owns 5,186 shares of the company’s stock worth $45,000 after acquiring an additional 3,750 shares in the last quarter. MWA Asset Management acquired a new position in shares of GraniteShares 2x Short NVDA Daily ETF in the 3rd quarter worth approximately $87,000. StoneX Group Inc. grew its stake in shares of GraniteShares 2x Short NVDA Daily ETF by 83.0% in the 2nd quarter. StoneX Group Inc. now owns 15,879 shares of the company’s stock worth $201,000 after purchasing an additional 7,200 shares during the last quarter. Group One Trading LLC raised its holdings in shares of GraniteShares 2x Short NVDA Daily ETF by 43.6% in the 2nd quarter. Group One Trading LLC now owns 17,241 shares of the company’s stock worth $218,000 after purchasing an additional 5,237 shares in the last quarter. Finally, Hamilton Wealth LLC acquired a new stake in GraniteShares 2x Short NVDA Daily ETF during the third quarter valued at approximately $164,000.

GraniteShares 2x Short NVDA Daily ETF Stock Down 2.0%

NVD traded down $0.16 during trading on Friday, reaching $7.69. The stock had a trading volume of 37,003,903 shares, compared to its average volume of 14,675,712. The stock has a 50 day moving average of $8.33 and a two-hundred day moving average of $9.88. The firm has a market capitalization of $149.96 million, a price-to-earnings ratio of -64.08 and a beta of -3.35. GraniteShares 2x Short NVDA Daily ETF has a 1-year low of $6.51 and a 1-year high of $51.62.

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.