GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD) Short Interest Update

GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD) was the recipient of a large drop in short interest in December. As of December 31st, there was short interest totalling 113,500 shares, a drop of 30.7% from the December 15th total of 163,800 shares. Based on an average daily volume of 1,573,600 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Headlands Technologies LLC purchased a new position in shares of GraniteShares 2x Short NVDA Daily ETF in the second quarter worth about $33,000. Scientech Research LLC purchased a new stake in GraniteShares 2x Short NVDA Daily ETF during the 2nd quarter valued at about $178,000. Finally, IHT Wealth Management LLC acquired a new stake in GraniteShares 2x Short NVDA Daily ETF in the 3rd quarter valued at about $1,232,000.

GraniteShares 2x Short NVDA Daily ETF Price Performance

Shares of NVD opened at $30.41 on Wednesday. The firm has a market capitalization of $68.12 million, a PE ratio of -253.42 and a beta of -4.30. The company’s fifty day moving average price is $30.04 and its 200-day moving average price is $41.35. GraniteShares 2x Short NVDA Daily ETF has a 1-year low of $22.82 and a 1-year high of $403.00.

GraniteShares 2x Short NVDA Daily ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 27th were paid a $2.608 dividend. The ex-dividend date was Friday, December 27th. GraniteShares 2x Short NVDA Daily ETF’s dividend payout ratio is currently -2,166.67%.

GraniteShares 2x Short NVDA Daily ETF Company Profile

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.