GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) Shares Gap Down – Here’s Why

GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $38.26, but opened at $36.30. GraniteShares 2x Long NVDA Daily ETF shares last traded at $37.74, with a volume of 2,870,620 shares trading hands.

GraniteShares 2x Long NVDA Daily ETF Stock Down 2.1 %

The stock has a fifty day moving average price of $51.36 and a 200 day moving average price of $63.44.

Institutional Trading of GraniteShares 2x Long NVDA Daily ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. IFP Advisors Inc bought a new position in shares of GraniteShares 2x Long NVDA Daily ETF in the fourth quarter worth about $27,000. Tower Research Capital LLC TRC lifted its holdings in GraniteShares 2x Long NVDA Daily ETF by 26.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,088 shares of the company’s stock worth $72,000 after buying an additional 229 shares during the period. Spire Wealth Management purchased a new stake in GraniteShares 2x Long NVDA Daily ETF during the fourth quarter worth $78,000. CoreCap Advisors LLC boosted its position in GraniteShares 2x Long NVDA Daily ETF by 530.0% during the 4th quarter. CoreCap Advisors LLC now owns 1,575 shares of the company’s stock valued at $105,000 after acquiring an additional 1,325 shares in the last quarter. Finally, Larson Financial Group LLC increased its holdings in shares of GraniteShares 2x Long NVDA Daily ETF by 1,198.5% in the 4th quarter. Larson Financial Group LLC now owns 2,532 shares of the company’s stock valued at $168,000 after acquiring an additional 2,337 shares during the period.

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.