GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD) Short Interest Update

GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD) saw a large increase in short interest in December. As of December 31st, there was short interest totaling 1,927,445 shares, an increase of 27.1% from the December 15th total of 1,516,363 shares. Approximately 15.0% of the company’s stock are sold short. Based on an average daily trading volume, of 30,904,160 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 30,904,160 shares, the days-to-cover ratio is currently 0.1 days. Approximately 15.0% of the company’s stock are sold short.

Institutional Trading of GraniteShares 2x Short NVDA Daily ETF

Hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC lifted its stake in GraniteShares 2x Short NVDA Daily ETF by 85.9% in the first quarter. Jane Street Group LLC now owns 58,700 shares of the company’s stock worth $2,032,000 after acquiring an additional 27,126 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in shares of GraniteShares 2x Short NVDA Daily ETF during the 2nd quarter worth $384,000. StoneX Group Inc. grew its stake in shares of GraniteShares 2x Short NVDA Daily ETF by 83.0% during the second quarter. StoneX Group Inc. now owns 15,879 shares of the company’s stock worth $201,000 after purchasing an additional 7,200 shares in the last quarter. Jump Financial LLC increased its holdings in GraniteShares 2x Short NVDA Daily ETF by 402.9% in the second quarter. Jump Financial LLC now owns 186,494 shares of the company’s stock valued at $2,357,000 after buying an additional 149,408 shares during the last quarter. Finally, Group One Trading LLC increased its holdings in GraniteShares 2x Short NVDA Daily ETF by 43.6% in the second quarter. Group One Trading LLC now owns 17,241 shares of the company’s stock valued at $218,000 after buying an additional 5,237 shares during the last quarter.

GraniteShares 2x Short NVDA Daily ETF Trading Up 6.3%

GraniteShares 2x Short NVDA Daily ETF stock opened at $7.63 on Tuesday. The firm has a market capitalization of $89.82 million, a P/E ratio of -63.55 and a beta of -3.35. GraniteShares 2x Short NVDA Daily ETF has a twelve month low of $6.51 and a twelve month high of $51.62. The stock’s fifty day simple moving average is $8.07 and its 200-day simple moving average is $9.05.

GraniteShares 2x Short NVDA Daily ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 29th were paid a $0.8456 dividend. This represents a c) annualized dividend and a dividend yield of 133.1%. The ex-dividend date was Monday, December 29th. GraniteShares 2x Short NVDA Daily ETF’s dividend payout ratio (DPR) is presently -700.00%.

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.