GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD) Sees Large Increase in Short Interest

GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD) was the target of a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 1,516,363 shares, a growth of 91.3% from the November 30th total of 792,606 shares. Based on an average daily volume of 32,484,560 shares, the short-interest ratio is presently 0.0 days. Currently, 7.8% of the company’s stock are sold short. Currently, 7.8% of the company’s stock are sold short. Based on an average daily volume of 32,484,560 shares, the short-interest ratio is presently 0.0 days.

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

Several large investors have recently added to or reduced their stakes in NVD. SBI Securities Co. Ltd. increased its stake in GraniteShares 2x Short NVDA Daily ETF by 261.1% during the third quarter. SBI Securities Co. Ltd. now owns 5,186 shares of the company’s stock valued at $45,000 after purchasing an additional 3,750 shares during the last quarter. MWA Asset Management acquired a new position in shares of GraniteShares 2x Short NVDA Daily ETF in the 3rd quarter valued at about $87,000. Hamilton Wealth LLC acquired a new position in shares of GraniteShares 2x Short NVDA Daily ETF in the 3rd quarter valued at about $164,000. StoneX Group Inc. grew its position in shares of GraniteShares 2x Short NVDA Daily ETF by 83.0% during the 2nd quarter. StoneX Group Inc. now owns 15,879 shares of the company’s stock valued at $201,000 after buying an additional 7,200 shares during the last quarter. Finally, Group One Trading LLC raised its stake in GraniteShares 2x Short NVDA Daily ETF by 43.6% during the second quarter. Group One Trading LLC now owns 17,241 shares of the company’s stock worth $218,000 after acquiring an additional 5,237 shares during the period.

GraniteShares 2x Short NVDA Daily ETF Trading Down 8.0%

GraniteShares 2x Short NVDA Daily ETF stock traded down $0.62 during midday trading on Monday, hitting $7.08. The stock had a trading volume of 23,831,241 shares, compared to its average volume of 14,702,298. The business has a fifty day moving average price of $8.33 and a 200 day moving average price of $9.84. GraniteShares 2x Short NVDA Daily ETF has a 12 month low of $6.51 and a 12 month high of $51.62. The stock has a market cap of $137.96 million, a P/E ratio of -59.04 and a beta of -3.35.

GraniteShares 2x Short NVDA Daily ETF Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 29th will be issued a $0.8456 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 143.4%. The ex-dividend date is Monday, December 29th. GraniteShares 2x Short NVDA Daily ETF’s payout ratio is -2,166.67%.

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.