GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL – Get Free Report) fell 4% during trading on Wednesday . The company traded as low as $76.76 and last traded at $77.3190. 2,911,767 shares were traded during mid-day trading, a decline of 84% from the average session volume of 18,269,398 shares. The stock had previously closed at $80.53.
GraniteShares 2x Long NVDA Daily ETF Stock Performance
The company’s 50 day moving average is $90.89 and its two-hundred day moving average is $83.14.
Institutional Investors Weigh In On GraniteShares 2x Long NVDA Daily ETF
Several institutional investors have recently modified their holdings of the stock. APEIRON CAPITAL Ltd purchased a new stake in GraniteShares 2x Long NVDA Daily ETF during the 3rd quarter valued at $88,003,000. Flow Traders U.S. LLC bought a new position in GraniteShares 2x Long NVDA Daily ETF during the first quarter valued at $3,950,000. HUB Investment Partners LLC purchased a new stake in shares of GraniteShares 2x Long NVDA Daily ETF in the third quarter valued at $9,034,000. Stevens Capital Management LP bought a new stake in shares of GraniteShares 2x Long NVDA Daily ETF in the 3rd quarter worth about $3,895,000. Finally, Client First Investment Management LLC purchased a new position in shares of GraniteShares 2x Long NVDA Daily ETF during the 2nd quarter worth about $2,715,000.
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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