GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) Shares Gap Up – Should You Buy?

GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) shares gapped up prior to trading on Monday . The stock had previously closed at $60.37, but opened at $62.58. GraniteShares 2x Long NVDA Daily ETF shares last traded at $59.00, with a volume of 8,290,193 shares trading hands.

GraniteShares 2x Long NVDA Daily ETF Trading Up 6.7 %

The stock’s 50-day moving average price is $64.31 and its 200 day moving average price is $65.99.

Institutional Trading of GraniteShares 2x Long NVDA Daily ETF

Institutional investors have recently modified their holdings of the company. IFP Advisors Inc bought a new position in GraniteShares 2x Long NVDA Daily ETF in the fourth quarter worth $27,000. Tower Research Capital LLC TRC lifted its stake in GraniteShares 2x Long NVDA Daily ETF by 26.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,088 shares of the company’s stock worth $72,000 after purchasing an additional 229 shares during the period. Spire Wealth Management acquired a new stake in shares of GraniteShares 2x Long NVDA Daily ETF in the 4th quarter valued at $78,000. CoreCap Advisors LLC raised its stake in shares of 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 worth $105,000 after acquiring an additional 1,325 shares during the last quarter. Finally, Centaurus Financial Inc. acquired a new position in GraniteShares 2x Long NVDA Daily ETF during the 3rd quarter worth $134,000.

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.