Investors Buy High Volume of GraniteShares 2x Long NVDA Daily ETF Call Options (NASDAQ:NVDL)

GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) saw some unusual options trading on Friday. Investors bought 33,555 call options on the stock. This represents an increase of approximately 31% compared to the typical daily volume of 25,575 call options.

Institutional Investors Weigh In On GraniteShares 2x Long NVDA Daily ETF

A number of hedge funds have recently bought and sold shares of the company. NewEdge Advisors LLC raised its holdings in GraniteShares 2x Long NVDA Daily ETF by 119.5% in the 1st quarter. NewEdge Advisors LLC now owns 29,264 shares of the company’s stock valued at $1,094,000 after acquiring an additional 15,931 shares in the last quarter. Diversify Advisory Services LLC bought a new stake in shares of GraniteShares 2x Long NVDA Daily ETF during the second quarter valued at approximately $183,000. Josh Arnold Investment Consultant LLC bought a new stake in shares of GraniteShares 2x Long NVDA Daily ETF during the second quarter valued at approximately $481,000. EP Wealth Advisors LLC acquired a new position in shares of GraniteShares 2x Long NVDA Daily ETF in the second quarter valued at $409,000. Finally, Snowden Capital Advisors LLC acquired a new position in shares of GraniteShares 2x Long NVDA Daily ETF in the second quarter valued at $272,000.

GraniteShares 2x Long NVDA Daily ETF Price Performance

Shares of GraniteShares 2x Long NVDA Daily ETF stock traded up $2.40 on Friday, reaching $32.96. The stock had a trading volume of 13,701,870 shares, compared to its average volume of 26,584,078. The business’s 50-day moving average price is $33.50 and its two-hundred day moving average price is $30.15. GraniteShares 2x Long NVDA Daily ETF has a fifty-two week low of $21.54 and a fifty-two week high of $43.27.

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.