GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) Shares Gap Up – What’s Next?

GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL)’s share price gapped up before the market opened on Friday . The stock had previously closed at $70.30, but opened at $71.98. GraniteShares 2x Long NVDA Daily ETF shares last traded at $75.20, with a volume of 3,984,312 shares trading hands.

GraniteShares 2x Long NVDA Daily ETF Stock Up 9.1 %

The business has a fifty day moving average of $73.40 and a 200-day moving average of $66.67.

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

Several hedge funds have recently made changes to their positions in NVDL. National Bank of Canada FI bought a new stake in shares of GraniteShares 2x Long NVDA Daily ETF in the second quarter valued at about $42,000. Hollencrest Capital Management raised its holdings in shares of GraniteShares 2x Long NVDA Daily ETF by 5,677.8% in the 2nd quarter. Hollencrest Capital Management now owns 1,040 shares of the company’s stock valued at $72,000 after purchasing an additional 1,022 shares in the last quarter. Centaurus Financial Inc. bought a new stake in shares of GraniteShares 2x Long NVDA Daily ETF in the 3rd quarter valued at about $134,000. Gilliland Jeter Wealth Management LLC boosted its stake in shares of GraniteShares 2x Long NVDA Daily ETF by 144.9% during the third quarter. Gilliland Jeter Wealth Management LLC now owns 2,535 shares of the company’s stock valued at $148,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Safe Harbor Fiduciary LLC bought a new position in shares of GraniteShares 2x Long NVDA Daily ETF during the third quarter valued at approximately $153,000.

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.