GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) Short Interest Up 37.9% in October

GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) was the recipient of a large growth in short interest in October. As of October 15th, there was short interest totaling 13,280,000 shares, a growth of 37.9% from the September 30th total of 9,630,000 shares. Approximately 26.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 13,147,900 shares, the days-to-cover ratio is presently 1.0 days. Based on an average daily trading volume, of 13,147,900 shares, the days-to-cover ratio is presently 1.0 days. Approximately 26.1% of the shares of the stock are sold short.

GraniteShares 2x Long NVDA Daily ETF Stock Down 8.0%

Shares of GraniteShares 2x Long NVDA Daily ETF stock opened at $103.76 on Wednesday. GraniteShares 2x Long NVDA Daily ETF has a twelve month low of $23.12 and a twelve month high of $118.50. The firm’s 50-day moving average price is $89.93 and its 200 day moving average price is $73.83.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. XTX Topco Ltd purchased a new position in GraniteShares 2x Long NVDA Daily ETF in the 1st quarter worth approximately $658,000. Sigma Planning Corp lifted its stake in GraniteShares 2x Long NVDA Daily ETF by 26.7% in the 1st quarter. Sigma Planning Corp now owns 11,045 shares of the company’s stock worth $413,000 after purchasing an additional 2,326 shares in the last quarter. Flagstar Advisors Inc. purchased a new position in GraniteShares 2x Long NVDA Daily ETF in the 2nd quarter worth approximately $232,000. World Investment Advisors purchased a new position in GraniteShares 2x Long NVDA Daily ETF in the 2nd quarter worth approximately $352,000. Finally, 180 Wealth Advisors LLC purchased a new position in GraniteShares 2x Long NVDA Daily ETF in the 2nd quarter worth approximately $446,000.

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.