GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD) Short Interest Up 159.2% in March

GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD) saw a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 385,500 shares, an increase of 159.2% from the February 28th total of 148,700 shares. Based on an average trading volume of 3,898,700 shares, the short-interest ratio is currently 0.1 days. Currently, 14.4% of the shares of the stock are sold short.

GraniteShares 2x Short NVDA Daily ETF Trading Up 1.5 %

NVD traded up $0.46 on Thursday, hitting $32.08. 3,473,542 shares of the company were exchanged, compared to its average volume of 1,944,219. GraniteShares 2x Short NVDA Daily ETF has a twelve month low of $22.16 and a twelve month high of $171.50. The company has a market cap of $85.98 million, a price-to-earnings ratio of -269.49 and a beta of -4.30. The firm has a 50-day moving average price of $28.90 and a two-hundred day moving average price of $32.36.

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

Large investors have recently modified their holdings of the business. SBI Securities Co. Ltd. acquired a new stake in shares of GraniteShares 2x Short NVDA Daily ETF in the fourth quarter worth approximately $31,000. Tower Research Capital LLC TRC bought a new position in shares of GraniteShares 2x Short NVDA Daily ETF during the fourth quarter worth about $300,000. Trek Financial LLC acquired a new position in shares of GraniteShares 2x Short NVDA Daily ETF during the fourth quarter worth approximately $5,742,000. Finally, IHT Wealth Management LLC bought a new position in shares of GraniteShares 2x Short NVDA Daily ETF in the third quarter valued at approximately $1,232,000.

About GraniteShares 2x Short NVDA Daily ETF

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.