GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) Shares Gap Up – What’s Next?

GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) shares gapped up prior to trading on Monday . The stock had previously closed at $60.37, but opened at $62.58. GraniteShares 2x Long NVDA Daily ETF shares last traded at $59.00, with a volume of 8,290,193 shares changing hands.

GraniteShares 2x Long NVDA Daily ETF Stock Up 6.7 %

The company has a 50 day moving average price of $64.31 and a 200-day moving average price of $65.99.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in NVDL. Creative Planning increased its position in GraniteShares 2x Long NVDA Daily ETF by 299.8% during the 3rd quarter. Creative Planning now owns 18,038 shares of the company’s stock worth $1,050,000 after purchasing an additional 13,526 shares in the last quarter. Diversify Advisory Services LLC acquired a new position in shares of GraniteShares 2x Long NVDA Daily ETF during the third quarter worth $285,000. Strategic Blueprint LLC acquired a new stake in shares of GraniteShares 2x Long NVDA Daily ETF during the 3rd quarter valued at $351,000. Vestor Capital LLC bought a new stake in GraniteShares 2x Long NVDA Daily ETF during the 3rd quarter worth $300,000. Finally, NorthRock Partners LLC increased its holdings in GraniteShares 2x Long NVDA Daily ETF by 19.5% in the 3rd quarter. NorthRock Partners LLC now owns 5,737 shares of the company’s stock worth $334,000 after purchasing an additional 937 shares in 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.