GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) Shares Up 5.1% – Here’s Why

GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) were up 5.1% during trading on Monday . The company traded as high as $115.35 and last traded at $113.4330. Approximately 4,007,482 shares were traded during trading, a decline of 79% from the average daily volume of 18,953,145 shares. The stock had previously closed at $107.98.

GraniteShares 2x Long NVDA Daily ETF Trading Up 6.5%

The stock’s 50 day moving average price is $89.19 and its 200 day moving average price is $72.74.

Institutional Trading of GraniteShares 2x Long NVDA Daily ETF

A number of institutional investors and hedge funds have recently bought and sold shares of NVDL. Wealth Enhancement Advisory Services LLC purchased a new position in shares of GraniteShares 2x Long NVDA Daily ETF during the 3rd quarter valued at approximately $224,000. GatePass Capital LLC lifted its stake in GraniteShares 2x Long NVDA Daily ETF by 12.9% during the third quarter. GatePass Capital LLC now owns 17,981 shares of the company’s stock worth $1,683,000 after purchasing an additional 2,049 shares during the last quarter. APEIRON CAPITAL Ltd bought a new position in GraniteShares 2x Long NVDA Daily ETF during the third quarter worth $88,003,000. ZEGA Investments LLC bought a new position in GraniteShares 2x Long NVDA Daily ETF during the third quarter worth $651,000. Finally, SG Americas Securities LLC bought a new position in GraniteShares 2x Long NVDA Daily ETF during the third quarter worth $459,000.

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.