GraniteShares 2x Long DELL Daily ETF (NASDAQ:DLLL) Stock Break Below 200 Day Moving Average – Should You Sell?

GraniteShares 2x Long DELL Daily ETF (NASDAQ:DLLL) shares passed below its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $16.85 and traded as low as $16.05. GraniteShares 2x Long DELL Daily ETF shares last traded at $16.11, with a volume of 979,620 shares.

GraniteShares 2x Long DELL Daily ETF Stock Down 14.9%

The firm has a 50 day simple moving average of $30.01 and a 200 day simple moving average of $16.85.

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

A hedge fund recently bought a new stake in GraniteShares 2x Long DELL Daily ETF stock. Hollencrest Capital Management purchased a new position in GraniteShares 2x Long DELL Daily ETF (NASDAQ:DLLL) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,500 shares of the company’s stock, valued at approximately $53,000. Hollencrest Capital Management owned approximately 0.33% of GraniteShares 2x Long DELL Daily ETF at the end of the most recent quarter.

GraniteShares 2x Long DELL Daily ETF Company Profile

The GraniteShares 2x Long DELL Daily ETF (DLLL) is an exchange-traded fund that mostly invests in information technology equity. The fund provides 2x leveraged exposure, less fees and expenses, to the daily price movement for shares of Dell Technologies Inc stock DLLL was launched on Feb 13, 2025 and is issued by GraniteShares.