GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) Short Interest Update

GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) was the target of a significant decline in short interest in the month of November. As of November 30th, there was short interest totalling 9,260,000 shares, a decline of 22.6% from the November 15th total of 11,970,000 shares. Based on an average trading volume of 18,266,400 shares, the days-to-cover ratio is presently 0.5 days.

GraniteShares 2x Long NVDA Daily ETF Stock Performance

Shares of GraniteShares 2x Long NVDA Daily ETF stock traded down $3.23 during midday trading on Friday, hitting $67.06. The company’s stock had a trading volume of 19,462,329 shares, compared to its average volume of 17,720,756. GraniteShares 2x Long NVDA Daily ETF has a 1-year low of $13.94 and a 1-year high of $91.70. The stock has a 50-day simple moving average of $74.67 and a 200-day simple moving average of $66.61.

Hedge Funds Weigh In On GraniteShares 2x Long NVDA Daily ETF

A number of large investors have recently made changes to their positions in the business. Sequoia Financial Advisors LLC acquired a new stake in shares of GraniteShares 2x Long NVDA Daily ETF during the 2nd quarter valued at about $209,000. Brookstone Capital Management acquired a new position in GraniteShares 2x Long NVDA Daily ETF during the second quarter worth $1,502,000. Nisa Investment Advisors LLC acquired a new position in GraniteShares 2x Long NVDA Daily ETF during the second quarter worth $7,518,000. Charter Oak Capital Management LLC bought a new stake in shares of GraniteShares 2x Long NVDA Daily ETF during the 2nd quarter worth about $209,000. Finally, Gilliland Jeter Wealth Management LLC bought a new position in shares of GraniteShares 2x Long NVDA Daily ETF in the 2nd quarter valued at approximately $72,000.

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.