GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) Stock Price Up 5.2%

GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) shares were up 5.2% on Thursday . The company traded as high as $48.06 and last traded at $48.05. Approximately 7,433,402 shares were traded during mid-day trading, a decline of 57% from the average daily volume of 17,417,750 shares. The stock had previously closed at $45.69.

GraniteShares 2x Long NVDA Daily ETF Stock Up 1.4 %

The firm’s 50 day moving average is $62.15 and its two-hundred day moving average is $51.26.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Brookstone Capital Management acquired a new stake in shares of GraniteShares 2x Long NVDA Daily ETF during the 2nd quarter valued at approximately $1,502,000. SeaCrest Wealth Management LLC acquired a new stake in GraniteShares 2x Long NVDA Daily ETF in the 1st quarter valued at approximately $695,000. NBC Securities Inc. purchased a new position in GraniteShares 2x Long NVDA Daily ETF in the 1st quarter worth about $59,000. IMC Chicago LLC acquired a new position in GraniteShares 2x Long NVDA Daily ETF in the 1st quarter valued at approximately $5,753,000. Finally, Sequoia Financial Advisors LLC bought a new stake in GraniteShares 2x Long NVDA Daily ETF in the second quarter worth approximately $209,000.

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.