GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD) Short Interest Down 28.0% in December

GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD) saw a large drop in short interest in December. As of December 15th, there was short interest totalling 163,800 shares, a drop of 28.0% from the November 30th total of 227,500 shares. Based on an average daily trading volume, of 1,544,800 shares, the short-interest ratio is currently 0.1 days.

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

Several institutional investors have recently bought and sold shares of the company. IHT Wealth Management LLC acquired a new stake in shares of GraniteShares 2x Short NVDA Daily ETF during the 3rd quarter worth approximately $1,232,000. Scientech Research LLC purchased a new position in GraniteShares 2x Short NVDA Daily ETF in the 2nd quarter valued at about $178,000. Midland Wealth Advisors LLC acquired a new stake in shares of GraniteShares 2x Short NVDA Daily ETF in the second quarter worth approximately $44,000. Headlands Technologies LLC purchased a new position in shares of GraniteShares 2x Short NVDA Daily ETF in the second quarter worth about $33,000. Finally, Ground Swell Capital LLC boosted its holdings in shares of GraniteShares 2x Short NVDA Daily ETF by 117.5% during the 2nd quarter. Ground Swell Capital LLC now owns 21,929 shares of the company’s stock worth $48,000 after purchasing an additional 11,847 shares during the last quarter.

GraniteShares 2x Short NVDA Daily ETF Trading Down 4.8 %

NVD stock traded down $1.44 during midday trading on Friday, reaching $28.81. 742,462 shares of the company’s stock traded hands, compared to its average volume of 952,698. GraniteShares 2x Short NVDA Daily ETF has a 52-week low of $25.74 and a 52-week high of $507.75. The stock’s 50-day moving average is $30.94 and its 200 day moving average is $43.48. The stock has a market cap of $85.28 million, a P/E ratio of -240.08 and a beta of -4.30.

GraniteShares 2x Short NVDA Daily ETF Announces Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 27th will be given a $2.608 dividend. The ex-dividend date of this dividend is Friday, December 27th. GraniteShares 2x Short NVDA Daily ETF’s dividend payout ratio (DPR) is -31,300.00%.

GraniteShares 2x Short NVDA Daily ETF Company Profile

The GraniteShares 2x Short NVDA Daily ETF (NVD) is an exchange-traded fund that mostly invests in information technology equity. The fund provides 2x inverse leveraged exposure, less fees and expenses, to the daily price movement for shares of NVIDIA Corporation stock. NVD was launched on Aug 21, 2023 and is issued by GraniteShares.