Short Interest in GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD) Declines By 17.2%

GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD) was the recipient of a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 1,524,164 shares, a drop of 17.2% from the January 15th total of 1,840,882 shares. Based on an average trading volume of 48,886,736 shares, the days-to-cover ratio is presently 0.0 days. Currently, 13.4% of the company’s shares are short sold. Currently, 13.4% of the company’s shares are short sold. Based on an average trading volume of 48,886,736 shares, the days-to-cover ratio is presently 0.0 days.

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

Several large investors have recently made changes to their positions in NVD. Trek Financial LLC purchased a new stake in shares of GraniteShares 2x Short NVDA Daily ETF during the third quarter worth about $8,056,000. Jump Financial LLC raised its position in shares of GraniteShares 2x Short NVDA Daily ETF by 1,202.4% in the 4th quarter. Jump Financial LLC now owns 390,688 shares of the company’s stock valued at $2,793,000 after purchasing an additional 360,690 shares in the last quarter. Genesis Financial Group LLC purchased a new position in shares of GraniteShares 2x Short NVDA Daily ETF during the 4th quarter valued at approximately $491,000. StoneX Group Inc. acquired a new stake in shares of GraniteShares 2x Short NVDA Daily ETF during the fourth quarter worth approximately $287,000. Finally, Jane Street Group LLC increased its stake in shares of 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 buying an additional 27,126 shares during the last quarter.

GraniteShares 2x Short NVDA Daily ETF Stock Down 2.4%

Shares of NASDAQ NVD traded down $0.17 during midday trading on Tuesday, hitting $6.99. The stock had a trading volume of 58,274,610 shares, compared to its average volume of 54,292,176. The company has a market capitalization of $79.76 million, a price-to-earnings ratio of -58.25 and a beta of -3.35. GraniteShares 2x Short NVDA Daily ETF has a 1-year low of $6.38 and a 1-year high of $51.62. The company has a fifty day moving average price of $7.51 and a 200 day moving average price of $8.49.

GraniteShares 2x Short NVDA Daily ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 29th were given a dividend of $0.8456 per share. This represents a c) dividend on an annualized basis and a yield of 145.2%. The ex-dividend date of this dividend was Monday, December 29th. GraniteShares 2x Short NVDA Daily ETF’s payout ratio is -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.