GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD) Short Interest Down 19.5% in February

GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD) was the recipient of a large decrease in short interest during the month of February. As of February 27th, there was short interest totaling 1,525,440 shares, a decrease of 19.5% from the February 12th total of 1,894,471 shares. Based on an average daily trading volume, of 59,127,686 shares, the short-interest ratio is presently 0.0 days. Approximately 13.4% of the shares of the company are short sold. Approximately 13.4% of the shares of the company are short sold. Based on an average daily trading volume, of 59,127,686 shares, the short-interest ratio is presently 0.0 days.

Institutional Trading of GraniteShares 2x Short NVDA Daily ETF

Several hedge funds and other institutional investors have recently modified their holdings of the business. Trek Financial LLC bought a new stake in GraniteShares 2x Short NVDA Daily ETF during the 3rd quarter valued at $8,056,000. Corient Private Wealth LLC bought a new stake in shares of GraniteShares 2x Short NVDA Daily ETF during the 4th quarter valued at $179,000. HRT Financial LP purchased a new stake in GraniteShares 2x Short NVDA Daily ETF during the 4th quarter worth about $119,000. StoneX Group Inc. bought a new position in GraniteShares 2x Short NVDA Daily ETF in the 4th quarter worth about $287,000. Finally, Group One Trading LLC boosted its stake in GraniteShares 2x Short NVDA Daily ETF by 71.7% in the 3rd quarter. Group One Trading LLC now owns 29,607 shares of the company’s stock worth $258,000 after purchasing an additional 12,366 shares during the period.

GraniteShares 2x Short NVDA Daily ETF Stock Up 1.4%

NVD traded up $0.10 during trading hours on Tuesday, hitting $7.08. The stock had a trading volume of 65,616,309 shares, compared to its average volume of 68,122,305. The company’s fifty day simple moving average is $7.06 and its 200 day simple moving average is $8.13. GraniteShares 2x Short NVDA Daily ETF has a 1 year low of $6.12 and a 1 year high of $51.62. The stock has a market cap of $80.78 million, a PE ratio of -59.00 and a beta of -3.35.

GraniteShares 2x Short NVDA Daily ETF Dividend Announcement

The firm also recently announced 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 143.3%. The ex-dividend date was Monday, December 29th. GraniteShares 2x Short NVDA Daily ETF’s dividend payout ratio (DPR) is currently -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.