GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) Shares Up 5.5% – Here’s What Happened

Shares of GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDLGet Free Report) were up 5.5% during mid-day trading on Tuesday . The company traded as high as $33.21 and last traded at $33.06. Approximately 4,657,048 shares changed hands during trading, a decline of 80% from the average daily volume of 23,716,510 shares. The stock had previously closed at $31.34.

GraniteShares 2x Long NVDA Daily ETF Trading Up 3.0%

The company has a fifty day moving average of $31.73 and a two-hundred day moving average of $30.91.

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

A number of institutional investors have recently modified their holdings of NVDL. Goldman Sachs Group Inc. bought a new position in GraniteShares 2x Long NVDA Daily ETF during the fourth quarter worth $30,804,000. Renaissance Technologies LLC bought a new stake in GraniteShares 2x Long NVDA Daily ETF in the 1st quarter valued at about $5,907,000. Corient Private Wealth LLC acquired a new position in GraniteShares 2x Long NVDA Daily ETF during the 2nd quarter worth approximately $1,831,000. Harvest Fund Management Co. Ltd boosted its holdings in GraniteShares 2x Long NVDA Daily ETF by 105.0% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 41,152 shares of the company’s stock worth $3,622,000 after acquiring an additional 21,073 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in GraniteShares 2x Long NVDA Daily ETF by 412.7% in the third quarter. JPMorgan Chase & Co. now owns 22,410 shares of the company’s stock worth $2,098,000 after acquiring an additional 18,039 shares in 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.

Recommended Stories

Receive News & Ratings for GraniteShares 2x Long 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 Long NVDA Daily ETF and related companies with MarketBeat.com's FREE daily email newsletter.