GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL – Get Free Report)’s stock price dropped 13.6% during mid-day trading on Monday . The company traded as low as $23.12 and last traded at $23.90. Approximately 14,367,738 shares were traded during trading, a decline of 33% from the average daily volume of 21,454,667 shares. The stock had previously closed at $27.66.
GraniteShares 2x Long NVDA Daily ETF Trading Up 35.9 %
The firm’s 50-day moving average price is $47.37 and its 200 day moving average price is $62.43.
Institutional Investors Weigh In On GraniteShares 2x Long NVDA Daily ETF
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Oriental Harbor Investment Fund bought a new position in shares of GraniteShares 2x Long NVDA Daily ETF during the 3rd quarter valued at about $27,892,000. JPMorgan Chase & Co. lifted its position in shares of GraniteShares 2x Long NVDA Daily ETF by 456.7% during the 4th quarter. JPMorgan Chase & Co. now owns 436,970 shares of the company’s stock valued at $29,010,000 after acquiring an additional 358,478 shares during the last quarter. Barclays PLC lifted its position in shares of GraniteShares 2x Long NVDA Daily ETF by 50.4% during the 3rd quarter. Barclays PLC now owns 142,652 shares of the company’s stock valued at $8,301,000 after acquiring an additional 47,800 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in shares of GraniteShares 2x Long NVDA Daily ETF by 1,006.7% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 128,102 shares of the company’s stock worth $8,505,000 after acquiring an additional 116,527 shares in the last quarter. Finally, TRUE Private Wealth Advisors grew its holdings in shares of GraniteShares 2x Long NVDA Daily ETF by 1.3% in the 4th quarter. TRUE Private Wealth Advisors now owns 75,170 shares of the company’s stock worth $4,991,000 after acquiring an additional 982 shares during the last quarter.
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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