GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL – Get Free Report)’s stock price were up 6.9% on Monday . The stock traded as high as $82.08 and last traded at $81.98. Approximately 6,024,409 shares changed hands during trading, a decline of 52% from the average daily volume of 12,620,218 shares. The stock had previously closed at $76.68.
GraniteShares 2x Long NVDA Daily ETF Stock Up 9.5 %
The company’s 50 day moving average price is $73.40 and its 200-day moving average price is $66.54.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the stock. National Bank of Canada FI purchased a new stake in shares of GraniteShares 2x Long NVDA Daily ETF during the second quarter valued at $42,000. Hollencrest Capital Management lifted its stake in GraniteShares 2x Long NVDA Daily ETF by 5,677.8% during the second quarter. Hollencrest Capital Management now owns 1,040 shares of the company’s stock valued at $72,000 after buying an additional 1,022 shares in the last quarter. Centaurus Financial Inc. acquired a new position in shares of GraniteShares 2x Long NVDA Daily ETF in the third quarter worth about $134,000. Gilliland Jeter Wealth Management LLC increased its position in shares of GraniteShares 2x Long NVDA Daily ETF by 144.9% in the third quarter. Gilliland Jeter Wealth Management LLC now owns 2,535 shares of the company’s stock worth $148,000 after acquiring an additional 1,500 shares in the last quarter. Finally, Safe Harbor Fiduciary LLC acquired a new stake in shares of GraniteShares 2x Long NVDA Daily ETF during the third quarter valued at approximately $153,000.
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.
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