GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) Shares Gap Up to $46.24

GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) shares gapped up prior to trading on Monday . The stock had previously closed at $46.24, but opened at $47.70. GraniteShares 2x Long NVDA Daily ETF shares last traded at $49.26, with a volume of 3,618,188 shares traded.

GraniteShares 2x Long NVDA Daily ETF Stock Up 9.6 %

The firm has a fifty day moving average price of $66.52 and a two-hundred day moving average price of $46.46.

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

A number of institutional investors and hedge funds have recently bought and sold shares of NVDL. National Bank of Canada FI bought a new position in shares of GraniteShares 2x Long NVDA Daily ETF during the second quarter valued at approximately $42,000. Private Ocean LLC purchased a new position in shares of GraniteShares 2x Long NVDA Daily ETF in the 2nd quarter valued at $35,000. Southern Capital Advisors LLC bought a new position in shares of GraniteShares 2x Long NVDA Daily ETF in the 2nd quarter worth $230,000. Gilliland Jeter Wealth Management LLC purchased a new stake in shares of GraniteShares 2x Long NVDA Daily ETF during the 2nd quarter worth $72,000. Finally, Charter Oak Capital Management LLC bought a new stake in GraniteShares 2x Long NVDA Daily ETF during the second quarter valued at about $209,000.

GraniteShares 2x Long NVDA Daily ETF Company Profile

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.