GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD – Get Free Report) was the target of unusually large options trading on Monday. Investors bought 2,546 call options on the company. This is an increase of 192% compared to the average daily volume of 871 call options.
GraniteShares 2x Short NVDA Daily ETF Stock Up 5.6%
NASDAQ NVD traded up $0.23 on Monday, reaching $4.21. The company had a trading volume of 39,883,314 shares, compared to its average volume of 73,404,109. GraniteShares 2x Short NVDA Daily ETF has a 52 week low of $3.46 and a 52 week high of $10.78. The stock’s 50 day moving average is $4.42 and its 200-day moving average is $5.35. The stock has a market cap of $46.24 million, a price-to-earnings ratio of -35.29 and a beta of -3.08.
Institutional Trading of GraniteShares 2x Short NVDA Daily ETF
A number of institutional investors and hedge funds have recently modified their holdings of NVD. Optiver Holding B.V. raised its position in shares of GraniteShares 2x Short NVDA Daily ETF by 1,209.1% in the 1st quarter. Optiver Holding B.V. now owns 175,687 shares of the company’s stock valued at $1,326,000 after acquiring an additional 162,267 shares during the period. Genesis Financial Group LLC grew its holdings in GraniteShares 2x Short NVDA Daily ETF by 67.3% during the first quarter. Genesis Financial Group LLC now owns 114,888 shares of the company’s stock valued at $867,000 after purchasing an additional 46,225 shares during the period. MWA Asset Management acquired a new position in GraniteShares 2x Short NVDA Daily ETF during the first quarter valued at approximately $83,000. Group One Trading LLC bought a new stake in GraniteShares 2x Short NVDA Daily ETF in the first quarter valued at approximately $262,000. Finally, IMC Chicago LLC bought a new stake in GraniteShares 2x Short NVDA Daily ETF in the first quarter valued at approximately $2,222,000.
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.
See Also
- Five stocks we like better than GraniteShares 2x Short NVDA Daily ETF
- 5 Names That Showed Signs of Life After Friday’s CPI Report
- What Might it Take for D-Wave to Reset Its Course?
- Fabrinet, Dycom and Qualcomm: 3 AI Fallen Angels Wall Street Just Marked Down
- 3 European Banks That Could Win Big From ECB Rate Hikes
Receive News & Ratings for GraniteShares 2x Short NVDA Daily ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GraniteShares 2x Short NVDA Daily ETF and related companies with MarketBeat.com's FREE daily email newsletter.
