GraniteShares 2x Long NVDA Daily ETF Sees Unusually Large Options Volume (NASDAQ:NVDL)

GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) was the recipient of some unusual options trading activity on Friday. Traders acquired 5,031 call options on the company. This represents an increase of 40% compared to the typical daily volume of 3,592 call options.

GraniteShares 2x Long NVDA Daily ETF Stock Performance

NASDAQ:NVDL traded down $2.25 during midday trading on Friday, reaching $33.69. The stock had a trading volume of 9,082,675 shares, compared to its average volume of 11,271,831. The firm has a fifty day simple moving average of $34.90 and a two-hundred day simple moving average of $21.36. GraniteShares 2x Long NVDA Daily ETF has a 12-month low of $7.14 and a 12-month high of $49.21.

Institutional Investors Weigh In On GraniteShares 2x Long NVDA Daily ETF

Institutional investors have recently made changes to their positions in the stock. Signaturefd LLC purchased a new stake in shares of GraniteShares 2x Long NVDA Daily ETF during the 3rd quarter worth $153,000. Hoey Investments Inc. boosted its position in shares of GraniteShares 2x Long NVDA Daily ETF by 432.6% during the 3rd quarter. Hoey Investments Inc. now owns 13,182 shares of the company’s stock worth $1,118,000 after purchasing an additional 10,707 shares in the last quarter. AlphaMark Advisors LLC purchased a new stake in shares of GraniteShares 2x Long NVDA Daily ETF during the 3rd quarter worth $34,000. TRUE Private Wealth Advisors purchased a new stake in shares of GraniteShares 2x Long NVDA Daily ETF during the 3rd quarter worth $926,000. Finally, Banque Cantonale Vaudoise purchased a new stake in shares of GraniteShares 2x Long NVDA Daily ETF in the 1st quarter worth about $201,000.

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.