GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD – Get Free Report) was the recipient of a large decline in short interest in October. As of October 31st, there was short interest totalling 122,000 shares, a decline of 96.8% from the October 15th total of 3,790,000 shares. Based on an average daily volume of 1,505,900 shares, the short-interest ratio is presently 0.1 days.
Hedge Funds Weigh In On GraniteShares 2x Short NVDA Daily ETF
A number of hedge funds have recently bought and sold shares of the business. Scientech Research LLC acquired a new position in shares of GraniteShares 2x Short NVDA Daily ETF in the 2nd quarter valued at $178,000. Ground Swell Capital LLC grew its position in shares of GraniteShares 2x Short NVDA Daily ETF by 117.5% in the second quarter. Ground Swell Capital LLC now owns 21,929 shares of the company’s stock valued at $48,000 after purchasing an additional 11,847 shares during the last quarter. Midland Wealth Advisors LLC acquired a new stake in shares of GraniteShares 2x Short NVDA Daily ETF in the second quarter valued at approximately $44,000. Finally, Headlands Technologies LLC bought a new stake in GraniteShares 2x Short NVDA Daily ETF during the 2nd quarter worth about $33,000.
GraniteShares 2x Short NVDA Daily ETF Price Performance
NVD stock traded down $0.11 during trading hours on Thursday, reaching $28.37. The stock had a trading volume of 1,646,662 shares, compared to its average volume of 866,539. GraniteShares 2x Short NVDA Daily ETF has a fifty-two week low of $27.25 and a fifty-two week high of $636.29. The stock has a market capitalization of $83.98 million, a PE ratio of -237.33 and a beta of -4.30. The stock has a 50-day simple moving average of $38.84 and a 200 day simple moving average of $57.74.
About GraniteShares 2x Short NVDA Daily ETF
The GraniteShares 2x Short NVDA Daily ETF (NVD) is an exchange-traded fund that mostly invests in information technology equity. The fund provides 2x inverse leveraged exposure, less fees and expenses, to the daily price movement for shares of NVIDIA Corporation stock. NVD was launched on Aug 21, 2023 and is issued by GraniteShares.
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