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

GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL)’s share price 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 firm has a fifty day moving average price of $48.38 and a 200 day moving average price of $62.84.

Institutional Trading of GraniteShares 2x Long NVDA Daily ETF

A number of large investors have recently added to or reduced their stakes in NVDL. HighTower Advisors LLC bought a new stake in shares of GraniteShares 2x Long NVDA Daily ETF in the 3rd quarter valued at about $210,000. Barclays PLC increased its position in GraniteShares 2x Long NVDA Daily ETF by 50.4% during the third quarter. Barclays PLC now owns 142,652 shares of the company’s stock worth $8,301,000 after buying an additional 47,800 shares during the last quarter. World Investment Advisors LLC bought a new stake in GraniteShares 2x Long NVDA Daily ETF in the third quarter valued at approximately $291,000. Oriental Harbor Investment Fund acquired a new stake in shares of GraniteShares 2x Long NVDA Daily ETF in the third quarter valued at approximately $27,892,000. Finally, B. Riley Wealth Advisors Inc. bought a new position in shares of GraniteShares 2x Long NVDA Daily ETF during the 3rd quarter worth approximately $296,000.

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.