GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) Shares Gap Down – Here’s What Happened

GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) shares gapped down prior to trading on Monday . The stock had previously closed at $41.18, but opened at $39.09. GraniteShares 2x Long NVDA Daily ETF shares last traded at $37.76, with a volume of 6,171,127 shares trading hands.

GraniteShares 2x Long NVDA Daily ETF Stock Performance

The business has a 50 day moving average of $60.65 and a two-hundred day moving average of $65.08.

Institutional Trading of GraniteShares 2x Long NVDA Daily ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Weaver Consulting Group increased its stake in GraniteShares 2x Long NVDA Daily ETF by 4.7% in the 3rd quarter. Weaver Consulting Group now owns 4,472 shares of the company’s stock valued at $260,000 after buying an additional 200 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of GraniteShares 2x Long NVDA Daily ETF by 26.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,088 shares of the company’s stock valued at $72,000 after acquiring an additional 229 shares in the last quarter. Brookstone Capital Management increased its position in shares of GraniteShares 2x Long NVDA Daily ETF by 1.0% during the fourth quarter. Brookstone Capital Management now owns 38,231 shares of the company’s stock valued at $2,538,000 after acquiring an additional 373 shares during the last quarter. IFP Advisors Inc bought a new stake in GraniteShares 2x Long NVDA Daily ETF during the fourth quarter worth $27,000. Finally, Flagstar Advisors Inc. lifted its holdings in GraniteShares 2x Long NVDA Daily ETF by 24.3% during the third quarter. Flagstar Advisors Inc. now owns 4,294 shares of the company’s stock worth $250,000 after acquiring an additional 840 shares during the period.

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.