GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) Stock Price Up 7.6%

GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL)’s share price traded up 7.6% during trading on Friday . The company traded as high as $38.67 and last traded at $38.53. 13,211,470 shares traded hands during mid-day trading, an increase of 9% from the average session volume of 12,120,660 shares. The stock had previously closed at $35.80.

GraniteShares 2x Long NVDA Daily ETF Stock Performance

The company has a 50 day moving average price of $37.03 and a two-hundred day moving average price of $23.08.

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

Large investors have recently added to or reduced their stakes in the stock. AlphaMark Advisors LLC purchased a new stake in shares of GraniteShares 2x Long NVDA Daily ETF during the third quarter worth about $34,000. Headlands Technologies LLC raised its holdings in shares of GraniteShares 2x Long NVDA Daily ETF by 567.6% during the fourth quarter. Headlands Technologies LLC now owns 494 shares of the company’s stock valued at $44,000 after acquiring an additional 420 shares during the last quarter. NBC Securities Inc. acquired a new position in shares of GraniteShares 2x Long NVDA Daily ETF during the first quarter valued at approximately $59,000. Cherry Tree Wealth Management LLC acquired a new stake in shares of GraniteShares 2x Long NVDA Daily ETF in the first quarter worth approximately $95,000. Finally, Signaturefd LLC acquired a new stake in shares of GraniteShares 2x Long NVDA Daily ETF in the third quarter worth approximately $153,000.

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.