Short Interest in GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD) Decreases By 19.5%

GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD) was the target of a large decrease in short interest in the month of February. As of February 27th, there was short interest totaling 1,525,440 shares, a decrease of 19.5% from the February 12th total of 1,894,471 shares. Currently, 13.4% of the shares of the stock are sold short. Based on an average trading volume of 59,127,686 shares, the short-interest ratio is currently 0.0 days. Based on an average trading volume of 59,127,686 shares, the short-interest ratio is currently 0.0 days. Currently, 13.4% of the shares of the stock are sold short.

GraniteShares 2x Short NVDA Daily ETF Price Performance

NASDAQ:NVD traded up $0.22 during trading hours on Friday, hitting $7.21. The stock had a trading volume of 124,603,513 shares, compared to its average volume of 67,652,438. The company has a 50 day simple moving average of $7.06 and a two-hundred day simple moving average of $8.16. The firm has a market capitalization of $82.27 million, a price-to-earnings ratio of -60.08 and a beta of -3.35. GraniteShares 2x Short NVDA Daily ETF has a one year low of $6.12 and a one year high of $51.62.

GraniteShares 2x Short NVDA Daily ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 29th were paid a dividend of $0.8456 per share. The ex-dividend date of this dividend was Monday, December 29th. This represents a c) annualized dividend and a yield of 140.7%. GraniteShares 2x Short NVDA Daily ETF’s dividend payout ratio (DPR) is currently -700.00%.

Institutional Trading of GraniteShares 2x Short NVDA Daily ETF

Several institutional investors and hedge funds have recently modified their holdings of NVD. Trek Financial LLC purchased a new position in shares of GraniteShares 2x Short NVDA Daily ETF during the third quarter worth about $8,056,000. Jane Street Group LLC raised its stake in GraniteShares 2x Short NVDA Daily ETF by 85.9% in the first quarter. Jane Street Group LLC now owns 58,700 shares of the company’s stock valued at $2,032,000 after purchasing an additional 27,126 shares in the last quarter. StoneX Group Inc. bought a new stake in GraniteShares 2x Short NVDA Daily ETF during the fourth quarter valued at approximately $287,000. Group One Trading LLC grew its stake in GraniteShares 2x Short NVDA Daily ETF by 71.7% in the 3rd quarter. Group One Trading LLC now owns 29,607 shares of the company’s stock worth $258,000 after buying an additional 12,366 shares in the last quarter. Finally, Corient Private Wealth LLC purchased a new position in GraniteShares 2x Short NVDA Daily ETF in the 4th quarter worth approximately $179,000.

GraniteShares 2x Short NVDA Daily ETF Company Profile

The GraniteShares 2x Short NVDA Daily ETF (NVD) is an exchange-traded fund that mostly invests in information technology equity. The fund provides 2x inverse leveraged exposure, less fees and expenses, to the daily price movement for shares of NVIDIA Corporation stock. NVD was launched on Aug 21, 2023 and is issued by GraniteShares.