GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) Sees Large Drop in Short Interest

GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) saw a large decline in short interest in December. As of December 15th, there was short interest totalling 7,440,000 shares, a decline of 19.7% from the November 30th total of 9,260,000 shares. Based on an average trading volume of 17,973,100 shares, the days-to-cover ratio is presently 0.4 days.

GraniteShares 2x Long NVDA Daily ETF Trading Up 0.4 %

NASDAQ:NVDL traded up $0.26 during midday trading on Monday, reaching $69.63. The company had a trading volume of 13,812,572 shares, compared to its average volume of 17,734,848. The stock’s fifty day simple moving average is $74.18 and its 200-day simple moving average is $66.83. GraniteShares 2x Long NVDA Daily ETF has a 12-month low of $13.94 and a 12-month high of $91.70.

Institutional Trading of GraniteShares 2x Long NVDA Daily ETF

A number of large investors have recently made changes to their positions in NVDL. Private Ocean LLC purchased a new position in shares of GraniteShares 2x Long NVDA Daily ETF during the second quarter worth about $35,000. National Bank of Canada FI purchased a new position in shares of GraniteShares 2x Long NVDA Daily ETF in the 2nd quarter valued at approximately $42,000. Hollencrest Capital Management increased its holdings in shares of GraniteShares 2x Long NVDA Daily ETF by 5,677.8% in the second quarter. Hollencrest Capital Management now owns 1,040 shares of the company’s stock valued at $72,000 after purchasing an additional 1,022 shares during the period. Centaurus Financial Inc. purchased a new stake in shares of GraniteShares 2x Long NVDA Daily ETF during the third quarter worth approximately $134,000. Finally, Gilliland Jeter Wealth Management LLC lifted its holdings in shares of GraniteShares 2x Long NVDA Daily ETF by 144.9% during the third quarter. Gilliland Jeter Wealth Management LLC now owns 2,535 shares of the company’s stock worth $148,000 after purchasing an additional 1,500 shares during the period.

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.