GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) Shares Gap Up – Here’s Why

GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $71.58, but opened at $75.52. GraniteShares 2x Long NVDA Daily ETF shares last traded at $77.45, with a volume of 5,624,740 shares changing hands.

GraniteShares 2x Long NVDA Daily ETF Price Performance

The firm has a 50-day moving average price of $71.52 and a two-hundred day moving average price of $66.19.

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

A number of institutional investors and hedge funds have recently bought and sold shares of NVDL. Centaurus Financial Inc. acquired a new stake in shares of GraniteShares 2x Long NVDA Daily ETF during the third quarter valued at about $134,000. Gilliland Jeter Wealth Management LLC boosted its position in shares of GraniteShares 2x Long NVDA Daily ETF by 144.9% during the 3rd 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. Safe Harbor Fiduciary LLC acquired a new stake in GraniteShares 2x Long NVDA Daily ETF in the 3rd quarter valued at approximately $153,000. HighTower Advisors LLC purchased a new stake in GraniteShares 2x Long NVDA Daily ETF in the third quarter valued at approximately $210,000. Finally, XTX Topco Ltd acquired a new position in GraniteShares 2x Long NVDA Daily ETF during the second quarter worth $226,000.

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.