B. Riley Wealth Advisors Inc. Takes $296,000 Position in GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL)

B. Riley Wealth Advisors Inc. purchased a new stake in GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,000 shares of the company’s stock, valued at approximately $296,000.

Other hedge funds have also made changes to their positions in the company. Diversify Advisory Services LLC purchased a new position in shares of GraniteShares 2x Long NVDA Daily ETF in the third quarter valued at $285,000. Strategic Blueprint LLC purchased a new position in shares of GraniteShares 2x Long NVDA Daily ETF in the third quarter valued at $351,000. Hollencrest Capital Management increased its position in shares of GraniteShares 2x Long NVDA Daily ETF by 453.4% in the third quarter. Hollencrest Capital Management now owns 5,755 shares of the company’s stock valued at $335,000 after buying an additional 4,715 shares in the last quarter. Brookstone Capital Management increased its position in shares of GraniteShares 2x Long NVDA Daily ETF by 75.4% in the third quarter. Brookstone Capital Management now owns 37,858 shares of the company’s stock valued at $2,203,000 after buying an additional 16,269 shares in the last quarter. Finally, Creative Planning purchased a new position in shares of GraniteShares 2x Long NVDA Daily ETF in the second quarter valued at $314,000.

GraniteShares 2x Long NVDA Daily ETF Stock Performance

Shares of NVDL stock opened at $67.48 on Friday. GraniteShares 2x Long NVDA Daily ETF has a fifty-two week low of $13.94 and a fifty-two week high of $91.70. The business has a fifty day simple moving average of $74.20 and a 200-day simple moving average of $66.75.

About GraniteShares 2x Long NVDA Daily ETF

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.