GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) Short Interest Down 22.6% in November

GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) was the recipient of a large drop in short interest during the month of November. As of November 30th, there was short interest totalling 9,260,000 shares, a drop of 22.6% from the November 15th total of 11,970,000 shares. Based on an average daily volume of 18,266,400 shares, the days-to-cover ratio is currently 0.5 days.

GraniteShares 2x Long NVDA Daily ETF Stock Performance

Shares of NVDL stock traded down $2.23 during trading hours on Monday, hitting $64.83. The company had a trading volume of 20,308,619 shares, compared to its average volume of 17,731,486. GraniteShares 2x Long NVDA Daily ETF has a fifty-two week low of $13.94 and a fifty-two week high of $91.70. The company’s fifty day moving average is $74.67 and its 200 day moving average is $66.68.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Oriental Harbor Investment Fund acquired a new stake in shares of GraniteShares 2x Long NVDA Daily ETF during the third quarter worth about $27,892,000. Barclays PLC lifted its holdings in GraniteShares 2x Long NVDA Daily ETF by 50.4% during the 3rd quarter. Barclays PLC now owns 142,652 shares of the company’s stock worth $8,301,000 after buying an additional 47,800 shares in the last quarter. Nisa Investment Advisors LLC acquired a new stake in GraniteShares 2x Long NVDA Daily ETF during the 2nd quarter worth approximately $7,518,000. TRUE Private Wealth Advisors boosted its position in GraniteShares 2x Long NVDA Daily ETF by 3.5% in the 3rd quarter. TRUE Private Wealth Advisors now owns 74,188 shares of the company’s stock valued at $4,317,000 after buying an additional 2,531 shares during the period. Finally, Brookstone Capital Management grew its stake 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 worth $2,203,000 after acquiring an additional 16,269 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.