Shares of GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL – Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $49.03, but opened at $44.72. GraniteShares 2x Long NVDA Daily ETF shares last traded at $45.66, with a volume of 13,790,260 shares.
GraniteShares 2x Long NVDA Daily ETF Price Performance
The company’s fifty day moving average is $68.10 and its 200-day moving average is $65.32.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in NVDL. Weaver Consulting Group lifted its holdings in GraniteShares 2x Long NVDA Daily ETF by 4.7% in the 3rd quarter. Weaver Consulting Group now owns 4,472 shares of the company’s stock worth $260,000 after purchasing an additional 200 shares in the last quarter. SeaCrest Wealth Management LLC increased its position in GraniteShares 2x Long NVDA Daily ETF by 3.6% during the third quarter. SeaCrest Wealth Management LLC now owns 6,339 shares of the company’s stock valued at $369,000 after acquiring an additional 221 shares during the last quarter. Brookstone Capital Management grew its holdings in GraniteShares 2x Long NVDA Daily ETF by 1.0% during the 4th quarter. Brookstone Capital Management now owns 38,231 shares of the company’s stock valued at $2,538,000 after purchasing an additional 373 shares during the last quarter. IFP Advisors Inc bought a new position in shares of GraniteShares 2x Long NVDA Daily ETF during the fourth quarter valued at approximately $27,000. Finally, AlphaMark Advisors LLC increased its stake in GraniteShares 2x Long NVDA Daily ETF by 11.4% in the third quarter. AlphaMark Advisors LLC now owns 6,774 shares of the company’s stock worth $394,000 after purchasing an additional 694 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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