GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL – Get Free Report)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $73.11, but opened at $54.92. GraniteShares 2x Long NVDA Daily ETF shares last traded at $54.42, with a volume of 32,386,186 shares.
GraniteShares 2x Long NVDA Daily ETF Trading Up 15.5 %
The stock has a fifty day moving average of $70.76 and a 200 day moving average of $65.97.
Institutional Investors Weigh In On GraniteShares 2x Long NVDA Daily ETF
Several hedge funds have recently added to or reduced their stakes in the business. Creative Planning purchased a new stake in shares of GraniteShares 2x Long NVDA Daily ETF during the 2nd quarter worth about $314,000. Heritage Oak Wealth Advisors LLC purchased a new position in GraniteShares 2x Long NVDA Daily ETF during the second quarter worth approximately $522,000. Brookstone Capital Management grew its holdings in GraniteShares 2x Long NVDA Daily ETF by 75.4% in the third quarter. Brookstone Capital Management now owns 37,858 shares of the company’s stock valued at $2,203,000 after purchasing an additional 16,269 shares during the period. SeaCrest Wealth Management LLC increased its position in shares of GraniteShares 2x Long NVDA Daily ETF by 3.6% in the third quarter. SeaCrest Wealth Management LLC now owns 6,339 shares of the company’s stock valued at $369,000 after buying an additional 221 shares in the last quarter. Finally, AlphaMark Advisors LLC raised its stake in shares of GraniteShares 2x Long NVDA Daily ETF by 11.4% during the 3rd quarter. AlphaMark Advisors LLC now owns 6,774 shares of the company’s stock worth $394,000 after buying an additional 694 shares during the period.
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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