GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) Stock Price Up 6.6% – Here’s Why

Shares of GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) were up 6.6% during mid-day trading on Wednesday . The company traded as high as $72.82 and last traded at $72.66. Approximately 10,604,696 shares were traded during mid-day trading, a decline of 40% from the average daily volume of 17,728,336 shares. The stock had previously closed at $68.16.

GraniteShares 2x Long NVDA Daily ETF Price Performance

The business has a 50-day moving average price of $74.00 and a 200-day moving average price of $66.45.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Weaver Consulting Group lifted its stake in GraniteShares 2x Long NVDA Daily ETF by 4.7% during the third quarter. Weaver Consulting Group now owns 4,472 shares of the company’s stock worth $260,000 after purchasing an additional 200 shares in the last quarter. SeaCrest Wealth Management LLC lifted its stake in GraniteShares 2x Long NVDA Daily ETF by 3.6% during the third quarter. SeaCrest Wealth Management LLC now owns 6,339 shares of the company’s stock worth $369,000 after purchasing an additional 221 shares in the last quarter. Private Ocean LLC acquired a new position in GraniteShares 2x Long NVDA Daily ETF during the second quarter worth $35,000. National Bank of Canada FI acquired a new position in GraniteShares 2x Long NVDA Daily ETF during the second quarter worth $42,000. Finally, AlphaMark Advisors LLC lifted its stake in GraniteShares 2x Long NVDA Daily ETF by 11.4% during the third quarter. AlphaMark Advisors LLC now owns 6,774 shares of the company’s stock worth $394,000 after purchasing an additional 694 shares in the last quarter.

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.