Short Interest in GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) Increases By 41.1%

GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) saw a significant increase in short interest in January. As of January 31st, there was short interest totalling 17,280,000 shares, an increase of 41.1% from the January 15th total of 12,250,000 shares. Based on an average trading volume of 20,609,300 shares, the days-to-cover ratio is currently 0.8 days.

GraniteShares 2x Long NVDA Daily ETF Trading Up 5.1 %

NASDAQ:NVDL traded up $3.15 during trading hours on Friday, reaching $64.66. The company had a trading volume of 26,224,221 shares, compared to its average volume of 25,805,186. GraniteShares 2x Long NVDA Daily ETF has a 1-year low of $23.66 and a 1-year high of $91.70. The business’s 50 day moving average price is $65.24 and its 200-day moving average price is $65.24.

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

Several large investors have recently made changes to their positions in NVDL. Creative Planning purchased a new position in GraniteShares 2x Long NVDA Daily ETF in the second quarter valued at $314,000. SeaCrest Wealth Management LLC grew its position in shares of GraniteShares 2x Long NVDA Daily ETF by 3.6% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 6,339 shares of the company’s stock valued at $369,000 after acquiring an additional 221 shares during the period. AlphaMark Advisors LLC increased its stake in shares of GraniteShares 2x Long NVDA Daily ETF by 11.4% in the 3rd quarter. AlphaMark Advisors LLC now owns 6,774 shares of the company’s stock valued at $394,000 after purchasing an additional 694 shares in the last quarter. Claro Advisors LLC acquired a new position in GraniteShares 2x Long NVDA Daily ETF in the 3rd quarter worth about $433,000. Finally, Gilliland Jeter Wealth Management LLC boosted its position in 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 in the last quarter.

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.