IMC Chicago LLC Invests $17.59 Million in GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL)

IMC Chicago LLC acquired a new stake in shares of GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) during the first quarter, according to its most recent disclosure with the SEC. The fund acquired 470,234 shares of the company’s stock, valued at approximately $17,587,000. IMC Chicago LLC owned approximately 0.42% of GraniteShares 2x Long NVDA Daily ETF as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in NVDL. JPMorgan Chase & Co. boosted its holdings in GraniteShares 2x Long NVDA Daily ETF by 456.7% in the 4th quarter. JPMorgan Chase & Co. now owns 436,970 shares of the company’s stock worth $29,010,000 after buying 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% in the fourth 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 in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of GraniteShares 2x Long NVDA Daily ETF in the fourth quarter worth about $3,307,000. Prosperity Wealth Management Inc. bought a new position in shares of GraniteShares 2x Long NVDA Daily ETF in the fourth quarter worth about $1,202,000. Finally, Josh Arnold Investment Consultant LLC grew its position in shares of GraniteShares 2x Long NVDA Daily ETF by 88.2% during the fourth quarter. Josh Arnold Investment Consultant LLC now owns 26,725 shares of the company’s stock worth $1,774,000 after purchasing an additional 12,525 shares in the last quarter.

GraniteShares 2x Long NVDA Daily ETF Price Performance

Shares of NVDL opened at $57.36 on Monday. The business’s 50 day moving average is $41.78 and its 200 day moving average is $53.67. GraniteShares 2x Long NVDA Daily ETF has a 12-month low of $23.12 and a 12-month high of $91.70.

GraniteShares 2x Long NVDA Daily ETF 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.