GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD) Stock Sees Unusually High Call Option Buying

GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD) was the recipient of some unusual options trading activity on Thursday. Traders purchased 2,964 call options on the stock. This represents an increase of approximately 214% compared to the typical daily volume of 945 call options.

Institutional Trading of GraniteShares 2x Short NVDA Daily ETF

Several large investors have recently bought and sold shares of the stock. LexAurum Advisors LLC increased its stake in GraniteShares 2x Short NVDA Daily ETF by 9.5% during the 3rd quarter. LexAurum Advisors LLC now owns 57,515 shares of the company’s stock valued at $209,000 after purchasing an additional 5,000 shares in the last quarter. MWA Asset Management purchased a new position in shares of GraniteShares 2x Short NVDA Daily ETF in the first quarter worth $83,000. Group One Trading LLC acquired a new stake in shares of GraniteShares 2x Short NVDA Daily ETF during the first quarter worth $262,000. Genesis Financial Group LLC lifted its stake in shares of 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 worth $867,000 after buying an additional 46,225 shares during the period. Finally, StoneX Group Inc. acquired a new stake in shares of GraniteShares 2x Short NVDA Daily ETF during the third quarter worth $236,000.

GraniteShares 2x Short NVDA Daily ETF Stock Up 9.6%

Shares of GraniteShares 2x Short NVDA Daily ETF stock traded up $0.56 during midday trading on Thursday, hitting $6.43. The company had a trading volume of 61,173,093 shares, compared to its average volume of 78,981,055. The stock has a market cap of $87.07 million, a price-to-earnings ratio of -53.97 and a beta of -3.18. The company has a fifty day simple moving average of $4.04 and a 200 day simple moving average of $5.24. GraniteShares 2x Short NVDA Daily ETF has a 12-month low of $3.19 and a 12-month high of $9.76.

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.