GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) Trading Down 6.2% – Here’s What Happened

GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL)’s stock price dropped 6.2% during mid-day trading on Thursday . The company traded as low as $49.20 and last traded at $49.07. Approximately 12,670,739 shares changed hands during mid-day trading, a decline of 47% from the average daily volume of 23,838,115 shares. The stock had previously closed at $52.29.

GraniteShares 2x Long NVDA Daily ETF Trading Up 0.6 %

The firm has a 50-day moving average of $69.68 and a 200 day moving average of $65.74.

Institutional Trading of GraniteShares 2x Long NVDA Daily ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Spire Wealth Management acquired a new position in shares of GraniteShares 2x Long NVDA Daily ETF in the fourth quarter valued at $78,000. Centaurus Financial Inc. acquired a new position in shares of GraniteShares 2x Long NVDA Daily ETF in the third quarter valued at approximately $134,000. Gilliland Jeter Wealth Management LLC increased its stake in shares of GraniteShares 2x Long NVDA Daily ETF by 144.9% during the third quarter. Gilliland Jeter Wealth Management LLC now owns 2,535 shares of the company’s stock worth $148,000 after purchasing an additional 1,500 shares during the period. Safe Harbor Fiduciary LLC bought a new position in GraniteShares 2x Long NVDA Daily ETF during the 3rd quarter worth $153,000. Finally, HighTower Advisors LLC acquired a new stake in GraniteShares 2x Long NVDA Daily ETF in the 3rd quarter worth about $210,000.

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.