GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) Shares Up 7.4% – Here’s Why

GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL)’s stock price rose 7.4% during trading on Wednesday . The company traded as high as $79.40 and last traded at $79.23. Approximately 12,584,189 shares were traded during mid-day trading, a decline of 29% from the average daily volume of 17,823,396 shares. The stock had previously closed at $73.80.

GraniteShares 2x Long NVDA Daily ETF Stock Up 6.9 %

The business has a fifty day moving average of $72.35 and a 200 day moving average of $65.47.

Institutional Investors Weigh In On GraniteShares 2x Long NVDA Daily ETF

A number of large investors have recently added to or reduced their stakes in the stock. Oriental Harbor Investment Fund bought a new stake in GraniteShares 2x Long NVDA Daily ETF during the third quarter worth approximately $27,892,000. Barclays PLC boosted its position in shares of GraniteShares 2x Long NVDA Daily ETF by 50.4% in the third quarter. Barclays PLC now owns 142,652 shares of the company’s stock valued at $8,301,000 after acquiring an additional 47,800 shares during the period. Nisa Investment Advisors LLC bought a new stake in shares of GraniteShares 2x Long NVDA Daily ETF in the second quarter valued at approximately $7,518,000. TRUE Private Wealth Advisors boosted its position in shares of GraniteShares 2x Long NVDA Daily ETF by 3.5% in the third quarter. TRUE Private Wealth Advisors now owns 74,188 shares of the company’s stock valued at $4,317,000 after acquiring an additional 2,531 shares during the period. Finally, Brookstone Capital Management boosted its position in shares of GraniteShares 2x Long NVDA Daily ETF by 75.4% in the third quarter. Brookstone Capital Management now owns 37,858 shares of the company’s stock valued at $2,203,000 after acquiring an additional 16,269 shares during the period.

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.