GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) Shares Down 5.3%

GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL)’s stock price were down 5.3% during mid-day trading on Wednesday . The company traded as low as $31.52 and last traded at $31.70. Approximately 14,737,313 shares traded hands during mid-day trading, an increase of 26% from the average daily volume of 11,737,753 shares. The stock had previously closed at $33.48.

GraniteShares 2x Long NVDA Daily ETF Price Performance

The business has a 50 day moving average price of $35.87 and a 200-day moving average price of $22.20.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. AlphaMark Advisors LLC raised its stake in GraniteShares 2x Long NVDA Daily ETF by 65.9% during the 4th quarter. AlphaMark Advisors LLC now owns 667 shares of the company’s stock worth $60,000 after buying an additional 265 shares during the period. Headlands Technologies LLC raised its stake in GraniteShares 2x Long NVDA Daily ETF by 567.6% during the 4th quarter. Headlands Technologies LLC now owns 494 shares of the company’s stock worth $44,000 after buying an additional 420 shares during the period. NBC Securities Inc. acquired a new position in GraniteShares 2x Long NVDA Daily ETF during the 1st quarter worth approximately $59,000. Signaturefd LLC acquired a new position in GraniteShares 2x Long NVDA Daily ETF during the 3rd quarter worth approximately $153,000. Finally, Capital CS Group LLC acquired a new position in GraniteShares 2x Long NVDA Daily ETF during the 4th quarter worth approximately $239,000.

GraniteShares 2x Long NVDA Daily ETF Company Profile

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.