IMC Chicago LLC Sells 540,713 Shares of GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD)

IMC Chicago LLC reduced its position in shares of GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD) by 76.6% in the fourth quarter, Holdings Channel reports. The fund owned 165,367 shares of the company’s stock after selling 540,713 shares during the quarter. IMC Chicago LLC owned approximately 0.07% of GraniteShares 2x Short NVDA Daily ETF worth $4,969,000 at the end of the most recent reporting period.

Separately, IHT Wealth Management LLC purchased a new stake in GraniteShares 2x Short NVDA Daily ETF during the third quarter valued at $1,232,000.

GraniteShares 2x Short NVDA Daily ETF Stock Down 1.9 %

Shares of NASDAQ:NVD opened at $27.24 on Friday. The firm has a fifty day simple moving average of $29.83 and a two-hundred day simple moving average of $38.74. GraniteShares 2x Short NVDA Daily ETF has a 52 week low of $22.82 and a 52 week high of $275.41. The stock has a market capitalization of $73.00 million, a P/E ratio of -227.00 and a beta of -4.30.

GraniteShares 2x Short NVDA Daily ETF Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 27th were issued a $2.608 dividend. The ex-dividend date of this dividend was Friday, December 27th. GraniteShares 2x Short NVDA Daily ETF’s dividend payout ratio (DPR) is -2,166.67%.

About GraniteShares 2x Short NVDA Daily ETF

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.