GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) Trading 3.9% Higher – Here’s What Happened

Posted by Adam Masters on Nov 14th, 2024

GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL – Get Free Report)’s share price traded up 3.9% during mid-day trading on Tuesday . The stock traded as high as $83.80 and last traded at $83.74. 2,286,942 shares were traded during mid-day trading, a decline of 87% from the average session volume of 17,828,729 shares. The stock had previously closed at $80.58.

GraniteShares 2x Long NVDA Daily ETF Stock Performance

The business’s 50-day moving average is $65.21 and its 200-day moving average is $61.63.

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

A number of hedge funds have recently bought and sold shares of NVDL. Jane Street Group LLC purchased a new position in GraniteShares 2x Long NVDA Daily ETF in the first quarter worth about $10,343,000. Nisa Investment Advisors LLC purchased a new position in GraniteShares 2x Long NVDA Daily ETF in the 2nd quarter worth approximately $7,518,000. Brookstone Capital Management raised its holdings in GraniteShares 2x Long NVDA Daily ETF by 75.4% in the 3rd quarter. Brookstone Capital Management now owns 37,858 shares of the company’s stock worth $2,203,000 after acquiring an additional 16,269 shares during the last quarter. Creative Planning lifted its position in GraniteShares 2x Long NVDA Daily ETF by 299.8% in the 3rd quarter. Creative Planning now owns 18,038 shares of the company’s stock valued at $1,050,000 after acquiring an additional 13,526 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its stake in GraniteShares 2x Long NVDA Daily ETF by 409.6% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 15,287 shares of the company’s stock valued at $890,000 after purchasing an additional 12,287 shares during the last quarter.

GraniteShares 2x Long NVDA Daily ETF Company Profile

(Get Free Report)

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.