Investors Purchase Large Volume of Call Options on GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL)

GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) saw some unusual options trading activity on Monday. Investors bought 46,295 call options on the stock. This represents an increase of approximately 27% compared to the typical volume of 36,588 call options.

GraniteShares 2x Long NVDA Daily ETF Stock Up 8.7 %

NASDAQ:NVDL traded up $5.62 during trading on Monday, reaching $70.37. The company’s stock had a trading volume of 25,144,109 shares, compared to its average volume of 16,835,855. GraniteShares 2x Long NVDA Daily ETF has a 12 month low of $11.94 and a 12 month high of $91.70. The firm has a 50 day moving average of $65.72 and a 200-day moving average of $47.89.

Hedge Funds Weigh In On GraniteShares 2x Long NVDA Daily ETF

Several institutional investors and hedge funds have recently bought and sold shares of the company. Private Ocean LLC bought a new position in GraniteShares 2x Long NVDA Daily ETF in the 2nd quarter worth approximately $35,000. National Bank of Canada FI purchased a new position in shares of GraniteShares 2x Long NVDA Daily ETF in the second quarter valued at $42,000. Headlands Technologies LLC raised its stake in shares of 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 valued at $44,000 after purchasing an additional 420 shares during the period. NBC Securities Inc. purchased a new stake in GraniteShares 2x Long NVDA Daily ETF during the 1st quarter worth about $59,000. Finally, Gilliland Jeter Wealth Management LLC bought a new position in GraniteShares 2x Long NVDA Daily ETF in the 2nd quarter worth about $72,000.

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.