GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) Trading Up 7.7% – Time to Buy?

GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDLGet Free Report) shares rose 7.7% during trading on Tuesday . The stock traded as high as $33.09 and last traded at $33.07. Approximately 10,721,175 shares were traded during trading, a decline of 59% from the average daily volume of 26,377,971 shares. The stock had previously closed at $30.70.

GraniteShares 2x Long NVDA Daily ETF Trading Up 6.9%

The company has a fifty day simple moving average of $33.47 and a two-hundred day simple moving average of $30.18.

Institutional Trading of GraniteShares 2x Long NVDA Daily ETF

A number of large investors have recently made changes to their positions in the company. Vestor Capital LLC raised its holdings in GraniteShares 2x Long NVDA Daily ETF by 3.9% in the first quarter. Vestor Capital LLC now owns 5,502 shares of the company’s stock valued at $399,000 after acquiring an additional 204 shares in the last quarter. Tactive Advisors LLC lifted its stake in GraniteShares 2x Long NVDA Daily ETF by 8.1% in the first quarter. Tactive Advisors LLC now owns 3,403 shares of the company’s stock worth $247,000 after acquiring an additional 254 shares during the last quarter. Parallel Advisors LLC grew its holdings in GraniteShares 2x Long NVDA Daily ETF by 104.3% during the 4th quarter. Parallel Advisors LLC now owns 613 shares of the company’s stock worth $54,000 after acquiring an additional 313 shares in the last quarter. Financial Life Planners acquired a new position in GraniteShares 2x Long NVDA Daily ETF during the 1st quarter worth approximately $25,000. Finally, Sigma Planning Corp increased its position in shares of GraniteShares 2x Long NVDA Daily ETF by 4.9% in the 4th quarter. Sigma Planning Corp now owns 11,645 shares of the company’s stock valued at $1,025,000 after purchasing an additional 545 shares during the last quarter.

GraniteShares 2x Long NVDA Daily ETF Company Profile

(Get Free Report)

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.

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