GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD) Short Interest Down 52.2% in May

GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD) was the recipient of a significant decrease in short interest in May. As of May 29th, there was short interest totaling 2,383,504 shares, a decrease of 52.2% from the May 14th total of 4,981,217 shares. Approximately 12.4% of the company’s stock are sold short. Based on an average daily volume of 60,923,996 shares, the days-to-cover ratio is presently 0.0 days.

GraniteShares 2x Short NVDA Daily ETF Stock Down 0.4%

NVD traded down $0.02 on Friday, reaching $5.02. The company’s stock had a trading volume of 60,518,935 shares, compared to its average volume of 72,515,250. The stock has a 50 day moving average of $5.28 and a two-hundred day moving average of $6.76. The company has a market capitalization of $96.23 million, a price-to-earnings ratio of -41.83 and a beta of -3.01. GraniteShares 2x Short NVDA Daily ETF has a fifty-two week low of $3.93 and a fifty-two week high of $15.98.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Optiver Holding B.V. boosted 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 in the last quarter. Genesis Financial Group LLC boosted 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 in the last quarter. MWA Asset Management acquired a new position in GraniteShares 2x Short NVDA Daily ETF in the first quarter valued at approximately $83,000. Group One Trading LLC acquired a new position in GraniteShares 2x Short NVDA Daily ETF in the first quarter valued at approximately $262,000. Finally, IMC Chicago LLC acquired a new position in GraniteShares 2x Short NVDA Daily ETF in the first quarter valued at approximately $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.