Shares of GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL – Get Free Report) dropped 6.9% during trading on Monday . The stock traded as low as $33.83 and last traded at $35.37. Approximately 6,090,062 shares were traded during mid-day trading, a decline of 71% from the average daily volume of 21,127,122 shares. The stock had previously closed at $38.00.
GraniteShares 2x Long NVDA Daily ETF Stock Up 2.3 %
The company’s fifty day moving average price is $51.36 and its two-hundred day moving average price is $63.44.
Hedge Funds Weigh In On GraniteShares 2x Long NVDA Daily ETF
A number of large investors have recently modified their holdings of NVDL. Josh Arnold Investment Consultant LLC grew its stake in shares of GraniteShares 2x Long NVDA Daily ETF by 88.2% during the 4th quarter. Josh Arnold Investment Consultant LLC now owns 26,725 shares of the company’s stock worth $1,774,000 after purchasing an additional 12,525 shares during the period. Snowden Capital Advisors LLC purchased a new position in GraniteShares 2x Long NVDA Daily ETF in the 4th quarter valued at approximately $256,000. CoreCap Advisors LLC grew its holdings in GraniteShares 2x Long NVDA Daily ETF by 530.0% in the fourth quarter. CoreCap Advisors LLC now owns 1,575 shares of the company’s stock valued at $105,000 after purchasing an additional 1,325 shares during the last quarter. Cresset Asset Management LLC increased its position in shares of GraniteShares 2x Long NVDA Daily ETF by 20.7% in the fourth quarter. Cresset Asset Management LLC now owns 7,000 shares of the company’s stock valued at $465,000 after buying an additional 1,200 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV raised its stake in shares of GraniteShares 2x Long NVDA Daily ETF by 1,006.7% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 128,102 shares of the company’s stock worth $8,505,000 after buying an additional 116,527 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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