GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) Stock Price Down 2.4% – Time to Sell?

GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDLGet Free Report)’s stock price traded down 2.4% on Thursday . The company traded as low as $70.07 and last traded at $70.97. 4,784,283 shares changed hands during trading, a decline of 73% from the average session volume of 17,743,818 shares. The stock had previously closed at $72.69.

GraniteShares 2x Long NVDA Daily ETF Stock Performance

The company’s 50 day moving average is $74.28 and its two-hundred day moving average is $66.85.

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

Hedge funds and other institutional investors have recently modified their holdings of the business. Diversify Advisory Services LLC purchased a new stake in shares of GraniteShares 2x Long NVDA Daily ETF in the 3rd quarter worth $285,000. Strategic Blueprint LLC purchased a new stake in GraniteShares 2x Long NVDA Daily ETF in the third quarter worth about $351,000. Hollencrest Capital Management lifted its stake in GraniteShares 2x Long NVDA Daily ETF by 453.4% in the third quarter. Hollencrest Capital Management now owns 5,755 shares of the company’s stock worth $335,000 after acquiring an additional 4,715 shares during the period. Brookstone Capital Management grew its holdings in GraniteShares 2x Long NVDA Daily ETF by 75.4% during the 3rd quarter. Brookstone Capital Management now owns 37,858 shares of the company’s stock worth $2,203,000 after acquiring an additional 16,269 shares in the last quarter. Finally, Creative Planning bought a new stake in shares of GraniteShares 2x Long NVDA Daily ETF in the 2nd quarter valued at about $314,000.

GraniteShares 2x Long NVDA Daily ETF Company Profile

(Get Free Report)

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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