GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) Hits New 52-Week High – Here’s What Happened

Shares of GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) hit a new 52-week high during trading on Wednesday . The company traded as high as $119.92 and last traded at $116.56, with a volume of 3634166 shares trading hands. The stock had previously closed at $113.53.

GraniteShares 2x Long NVDA Daily ETF Stock Performance

The firm’s 50 day moving average is $86.02 and its two-hundred day moving average is $87.55.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Financial Life Planners acquired a new position in shares of GraniteShares 2x Long NVDA Daily ETF in the 1st quarter valued at $25,000. Parallel Advisors LLC lifted its holdings in GraniteShares 2x Long NVDA Daily ETF by 104.3% during the fourth quarter. Parallel Advisors LLC now owns 613 shares of the company’s stock worth $54,000 after acquiring an additional 313 shares in the last quarter. Chung Wu Investment Group LLC lifted its holdings in GraniteShares 2x Long NVDA Daily ETF by 350.0% during the third quarter. Chung Wu Investment Group LLC now owns 900 shares of the company’s stock worth $84,000 after acquiring an additional 700 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in GraniteShares 2x Long NVDA Daily ETF in the third quarter valued at about $88,000. Finally, CWM LLC bought a new stake in shares of GraniteShares 2x Long NVDA Daily ETF in the third quarter worth about $94,000.

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.