GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) Trading 6.9% Higher – Here’s What Happened

GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) rose 6.9% during trading on Monday . The stock traded as high as $82.08 and last traded at $81.98. Approximately 6,024,409 shares traded hands during mid-day trading, a decline of 52% from the average daily volume of 12,620,218 shares. The stock had previously closed at $76.68.

GraniteShares 2x Long NVDA Daily ETF Trading Down 0.2 %

The stock’s 50-day simple moving average is $73.40 and its two-hundred day simple moving average is $66.41.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Weaver Consulting Group raised its holdings in shares of GraniteShares 2x Long NVDA Daily ETF by 4.7% during the third quarter. Weaver Consulting Group now owns 4,472 shares of the company’s stock valued at $260,000 after acquiring an additional 200 shares during the last quarter. SeaCrest Wealth Management LLC lifted its holdings in GraniteShares 2x Long NVDA Daily ETF by 3.6% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 6,339 shares of the company’s stock valued at $369,000 after purchasing an additional 221 shares in the last quarter. National Bank of Canada FI acquired a new stake in GraniteShares 2x Long NVDA Daily ETF during the 2nd quarter worth $42,000. AlphaMark Advisors LLC grew its holdings in shares of GraniteShares 2x Long NVDA Daily ETF by 11.4% during the third quarter. AlphaMark Advisors LLC now owns 6,774 shares of the company’s stock worth $394,000 after buying an additional 694 shares in the last quarter. Finally, Flagstar Advisors Inc. raised its position in shares of GraniteShares 2x Long NVDA Daily ETF by 24.3% in the third quarter. Flagstar Advisors Inc. now owns 4,294 shares of the company’s stock valued at $250,000 after buying an additional 840 shares during the last quarter.

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.