Shares of GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL – Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $29.60, but opened at $33.29. GraniteShares 2x Long NVDA Daily ETF shares last traded at $33.75, with a volume of 8,792,185 shares.
GraniteShares 2x Long NVDA Daily ETF Stock Up 9.0 %
The company’s fifty day moving average price is $48.38 and its two-hundred day moving average price is $62.84.
Hedge Funds Weigh In On GraniteShares 2x Long NVDA Daily ETF
A number of institutional investors and hedge funds have recently added to or reduced their stakes in NVDL. IFP Advisors Inc acquired a new position in shares of GraniteShares 2x Long NVDA Daily ETF during the fourth quarter worth about $27,000. Parallel Advisors LLC raised its holdings in shares of GraniteShares 2x Long NVDA Daily ETF by 378.9% in the first quarter. Parallel Advisors LLC now owns 1,700 shares of the company’s stock valued at $64,000 after purchasing an additional 1,345 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of GraniteShares 2x Long NVDA Daily ETF by 26.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,088 shares of the company’s stock worth $72,000 after buying an additional 229 shares during the last quarter. Spire Wealth Management acquired a new stake in shares of GraniteShares 2x Long NVDA Daily ETF in the fourth quarter valued at about $78,000. Finally, CoreCap Advisors LLC raised its holdings in GraniteShares 2x Long NVDA Daily ETF by 530.0% during 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 in the last quarter.
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.
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