Shares of GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD – Get Free Report) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $48.71 and traded as low as $30.50. GraniteShares 2x Short NVDA Daily ETF shares last traded at $30.57, with a volume of 650,843 shares traded.
GraniteShares 2x Short NVDA Daily ETF Stock Up 0.2 %
The company’s fifty day simple moving average is $33.12 and its 200 day simple moving average is $48.57. The stock has a market capitalization of $84.45 million, a price-to-earnings ratio of -237.25 and a beta of -4.30.
Hedge Funds Weigh In On GraniteShares 2x Short NVDA Daily ETF
A number of large investors have recently made changes to their positions in the company. Headlands Technologies LLC bought a new position in GraniteShares 2x Short NVDA Daily ETF during the second quarter worth about $33,000. Midland Wealth Advisors LLC acquired a new stake in shares of GraniteShares 2x Short NVDA Daily ETF in the second quarter valued at approximately $44,000. Ground Swell Capital LLC boosted its stake in shares of GraniteShares 2x Short NVDA Daily ETF by 117.5% in the second quarter. Ground Swell Capital LLC now owns 21,929 shares of the company’s stock valued at $48,000 after buying an additional 11,847 shares during the period. Scientech Research LLC bought a new stake in shares of GraniteShares 2x Short NVDA Daily ETF in the second quarter valued at approximately $178,000. Finally, IHT Wealth Management LLC bought a new position in GraniteShares 2x Short NVDA Daily ETF during the 3rd quarter worth $1,232,000.
About GraniteShares 2x Short NVDA Daily ETF
The GraniteShares 2x Short NVDA Daily ETF (NVD) is an exchange-traded fund that mostly invests in information technology equity. The fund provides 2x inverse leveraged exposure, less fees and expenses, to the daily price movement for shares of NVIDIA Corporation stock. NVD was launched on Aug 21, 2023 and is issued by GraniteShares.
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