Shares of GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL – Get Free Report) dropped 8% on Thursday . The company traded as low as $52.17 and last traded at $53.01. Approximately 28,404,381 shares traded hands during mid-day trading, an increase of 14% from the average daily volume of 24,839,510 shares. The stock had previously closed at $57.64.
GraniteShares 2x Long NVDA Daily ETF Price Performance
The stock’s fifty day moving average is $63.59 and its two-hundred day moving average is $65.82.
Hedge Funds Weigh In On GraniteShares 2x Long NVDA Daily ETF
Large investors have recently bought and sold shares of the stock. Diversify Advisory Services LLC acquired a new position in GraniteShares 2x Long NVDA Daily ETF during the 3rd quarter valued at about $285,000. JPMorgan Chase & Co. grew its stake in shares of GraniteShares 2x Long NVDA Daily ETF by 8.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 78,492 shares of the company’s stock worth $4,567,000 after purchasing an additional 5,839 shares during the last quarter. Strategic Blueprint LLC acquired a new position in shares of GraniteShares 2x Long NVDA Daily ETF in the 3rd quarter worth approximately $351,000. Hollencrest Capital Management grew its stake in shares of GraniteShares 2x Long NVDA Daily ETF by 453.4% in the 3rd quarter. Hollencrest Capital Management now owns 5,755 shares of the company’s stock worth $335,000 after purchasing an additional 4,715 shares during the last quarter. Finally, HighTower Advisors LLC acquired a new position in shares of GraniteShares 2x Long NVDA Daily ETF in the 3rd quarter worth approximately $210,000.
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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