GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL – Get Free Report)’s stock price fell 4.1% during trading on Monday . The company traded as low as $29.76 and last traded at $30.20. 2,110,742 shares changed hands during trading, a decline of 92% from the average session volume of 25,426,969 shares. The stock had previously closed at $31.49.
GraniteShares 2x Long NVDA Daily ETF Price Performance
The firm’s 50-day simple moving average is $32.59 and its two-hundred day simple moving average is $30.31.
Institutional Trading of GraniteShares 2x Long NVDA Daily ETF
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. acquired a new position in GraniteShares 2x Long NVDA Daily ETF during the 4th quarter worth $30,804,000. Renaissance Technologies LLC bought a new stake in shares of GraniteShares 2x Long NVDA Daily ETF during the first quarter worth $5,907,000. Hoey Investments Inc. raised its position in shares of GraniteShares 2x Long NVDA Daily ETF by 12.6% during the first quarter. Hoey Investments Inc. now owns 44,234 shares of the company’s stock worth $3,210,000 after acquiring an additional 4,935 shares during the last quarter. Harvest Fund Management Co. Ltd lifted its stake in shares of GraniteShares 2x Long NVDA Daily ETF by 105.0% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 41,152 shares of the company’s stock valued at $3,622,000 after acquiring an additional 21,073 shares during the period. Finally, NewEdge Advisors LLC lifted its stake in shares of GraniteShares 2x Long NVDA Daily ETF by 3.7% during the third quarter. NewEdge Advisors LLC now owns 35,485 shares of the company’s stock valued at $3,322,000 after acquiring an additional 1,251 shares during the period.
About GraniteShares 2x Long NVDA Daily ETF
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.
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