GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL – Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $42.68, but opened at $43.92. GraniteShares 2x Long NVDA Daily ETF shares last traded at $43.82, with a volume of 3,962,899 shares trading hands.
GraniteShares 2x Long NVDA Daily ETF Trading Up 1.7 %
The business’s 50 day moving average is $55.45 and its two-hundred day moving average is $63.74.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of NVDL. Oriental Harbor Investment Fund acquired a new position in GraniteShares 2x Long NVDA Daily ETF during the third quarter worth about $27,892,000. JPMorgan Chase & Co. grew its holdings in GraniteShares 2x Long NVDA Daily ETF by 456.7% during the fourth quarter. JPMorgan Chase & Co. now owns 436,970 shares of the company’s stock worth $29,010,000 after acquiring an additional 358,478 shares during the period. Mercer Global Advisors Inc. ADV grew its holdings in GraniteShares 2x Long NVDA Daily ETF by 1,006.7% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 128,102 shares of the company’s stock worth $8,505,000 after acquiring an additional 116,527 shares during the period. SBI Securities Co. Ltd. acquired a new position in GraniteShares 2x Long NVDA Daily ETF during the fourth quarter worth about $3,307,000. Finally, Barclays PLC grew its holdings in GraniteShares 2x Long NVDA Daily ETF by 50.4% during the third quarter. Barclays PLC now owns 142,652 shares of the company’s stock worth $8,301,000 after acquiring an additional 47,800 shares during the period.
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.
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