Shares of GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL – Get Free Report) traded up 6.7% on Monday . The company traded as high as $60.99 and last traded at $60.74. 7,220,154 shares traded hands during trading, a decline of 73% from the average session volume of 26,404,344 shares. The stock had previously closed at $56.90.
GraniteShares 2x Long NVDA Daily ETF Price Performance
The stock has a 50 day moving average price of $66.52 and a 200 day moving average price of $65.06.
Hedge Funds Weigh In On GraniteShares 2x Long NVDA Daily ETF
Hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its position in shares of GraniteShares 2x Long NVDA Daily ETF by 456.7% during the fourth quarter. JPMorgan Chase & Co. now owns 436,970 shares of the company’s stock valued at $29,010,000 after acquiring an additional 358,478 shares in the last quarter. Sequoia Financial Advisors LLC boosted its stake in GraniteShares 2x Long NVDA Daily ETF by 65.6% during the 4th quarter. Sequoia Financial Advisors LLC now owns 25,315 shares of the company’s stock valued at $1,681,000 after purchasing an additional 10,028 shares during the last quarter. HighTower Advisors LLC boosted its stake in GraniteShares 2x Long NVDA Daily ETF by 290.5% during the 4th quarter. HighTower Advisors LLC now owns 14,166 shares of the company’s stock valued at $940,000 after purchasing an additional 10,538 shares during the last quarter. Prosperity Wealth Management Inc. bought a new stake in shares of GraniteShares 2x Long NVDA Daily ETF in the 4th quarter worth $1,202,000. Finally, Larson Financial Group LLC raised its stake in shares of GraniteShares 2x Long NVDA Daily ETF by 1,198.5% in the fourth quarter. Larson Financial Group LLC now owns 2,532 shares of the company’s stock worth $168,000 after purchasing an additional 2,337 shares during the last quarter.
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.
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