GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) Shares Gap Up to $55.58

GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) shares gapped up prior to trading on Thursday . The stock had previously closed at $55.58, but opened at $57.51. GraniteShares 2x Long NVDA Daily ETF shares last traded at $59.51, with a volume of 5,064,280 shares.

GraniteShares 2x Long NVDA Daily ETF Trading Up 6.9 %

The firm has a fifty day moving average of $55.44 and a 200 day moving average of $54.37.

Institutional Investors Weigh In On GraniteShares 2x Long NVDA Daily ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Brookstone Capital Management purchased a new position in shares of GraniteShares 2x Long NVDA Daily ETF in the 2nd quarter valued at about $1,502,000. SeaCrest Wealth Management LLC purchased a new stake in shares of GraniteShares 2x Long NVDA Daily ETF in the first quarter valued at approximately $695,000. NBC Securities Inc. purchased a new stake in shares of GraniteShares 2x Long NVDA Daily ETF in the first quarter valued at approximately $59,000. IMC Chicago LLC acquired a new position in shares of GraniteShares 2x Long NVDA Daily ETF during the 1st quarter worth approximately $5,753,000. Finally, Sequoia Financial Advisors LLC purchased a new position in shares of GraniteShares 2x Long NVDA Daily ETF during the 2nd quarter valued at approximately $209,000.

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.