Stock Traders Buy High Volume of GraniteShares 2x Long NVDA Daily ETF Call Options (NASDAQ:NVDL)

GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) was the target of some unusual options trading activity on Friday. Stock traders purchased 33,555 call options on the company. This represents an increase of approximately 31% compared to the average volume of 25,575 call options.

GraniteShares 2x Long NVDA Daily ETF Price Performance

NASDAQ:NVDL traded up $2.40 during trading hours on Friday, hitting $32.96. 13,701,870 shares of the stock traded hands, compared to its average volume of 26,584,078. The firm has a 50 day moving average price of $33.50 and a 200 day moving average price of $30.15. GraniteShares 2x Long NVDA Daily ETF has a fifty-two week low of $21.54 and a fifty-two week high of $43.27.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of NVDL. Goldman Sachs Group Inc. acquired a new position in GraniteShares 2x Long NVDA Daily ETF during the fourth quarter worth $30,804,000. Renaissance Technologies LLC acquired a new stake in shares of GraniteShares 2x Long NVDA Daily ETF in the first quarter worth about $5,907,000. Hoey Investments Inc. boosted its stake in shares of GraniteShares 2x Long NVDA Daily ETF by 12.6% during the 1st quarter. Hoey Investments Inc. now owns 44,234 shares of the company’s stock worth $3,210,000 after acquiring an additional 4,935 shares in the last quarter. Harvest Fund Management Co. Ltd boosted its stake in shares of GraniteShares 2x Long NVDA Daily ETF by 105.0% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 41,152 shares of the company’s stock worth $3,622,000 after acquiring an additional 21,073 shares in the last quarter. Finally, NewEdge Advisors LLC increased its holdings in shares of GraniteShares 2x Long NVDA Daily ETF by 3.7% during the 3rd quarter. NewEdge Advisors LLC now owns 35,485 shares of the company’s stock valued at $3,322,000 after acquiring an additional 1,251 shares during the last quarter.

GraniteShares 2x Long NVDA Daily ETF Company 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.