GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) Shares Gap Up – What’s Next?

GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDLGet Free Report)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $42.68, but opened at $43.92. GraniteShares 2x Long NVDA Daily ETF shares last traded at $43.82, with a volume of 3,962,899 shares trading hands.

GraniteShares 2x Long NVDA Daily ETF Price Performance

The stock has a 50-day moving average of $56.53 and a 200-day moving average of $64.02.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in NVDL. Oriental Harbor Investment Fund bought a new stake in GraniteShares 2x Long NVDA Daily ETF in the 3rd quarter valued at $27,892,000. JPMorgan Chase & Co. lifted its position in shares of GraniteShares 2x Long NVDA Daily ETF by 456.7% during the 4th quarter. JPMorgan Chase & Co. now owns 436,970 shares of the company’s stock valued at $29,010,000 after acquiring an additional 358,478 shares during the period. Mercer Global Advisors Inc. ADV lifted its position in shares of GraniteShares 2x Long NVDA Daily ETF by 1,006.7% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 128,102 shares of the company’s stock valued at $8,505,000 after acquiring an additional 116,527 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of GraniteShares 2x Long NVDA Daily ETF during the 4th quarter valued at $3,307,000. Finally, Barclays PLC raised its holdings in shares of GraniteShares 2x Long NVDA Daily ETF by 50.4% during the 3rd quarter. Barclays PLC now owns 142,652 shares of the company’s stock worth $8,301,000 after buying an additional 47,800 shares in the last quarter.

GraniteShares 2x Long NVDA Daily ETF Company Profile

(Get Free Report)

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.

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