GraniteShares 2x Short NVDA Daily ETF Target of Unusually Large Options Trading (NASDAQ:NVD)

GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD) was the target of some unusual options trading on Monday. Stock investors purchased 2,546 call options on the stock. This is an increase of approximately 192% compared to the average volume of 871 call options.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of NVD. Jump Financial LLC raised its stake in shares of GraniteShares 2x Short NVDA Daily ETF by 1,202.4% during the fourth quarter. Jump Financial LLC now owns 390,688 shares of the company’s stock worth $2,793,000 after buying an additional 360,690 shares during the last quarter. IMC Chicago LLC bought a new position in GraniteShares 2x Short NVDA Daily ETF in the first quarter valued at approximately $2,222,000. Optiver Holding B.V. grew its holdings in GraniteShares 2x Short NVDA Daily ETF by 1,209.1% during the 1st quarter. Optiver Holding B.V. now owns 175,687 shares of the company’s stock worth $1,326,000 after acquiring an additional 162,267 shares during the period. Genesis Financial Group LLC grew its holdings in GraniteShares 2x Short NVDA Daily ETF by 67.3% during the 1st quarter. Genesis Financial Group LLC now owns 114,888 shares of the company’s stock worth $867,000 after acquiring an additional 46,225 shares during the period. Finally, Jane Street Group LLC raised its position in shares of GraniteShares 2x Short NVDA Daily ETF by 85.9% during the 1st quarter. Jane Street Group LLC now owns 58,700 shares of the company’s stock valued at $2,032,000 after acquiring an additional 27,126 shares during the last quarter.

GraniteShares 2x Short NVDA Daily ETF Trading Up 5.6%

GraniteShares 2x Short NVDA Daily ETF stock traded up $0.23 during mid-day trading on Monday, hitting $4.21. The stock had a trading volume of 39,883,314 shares, compared to its average volume of 73,404,109. The stock has a 50-day simple moving average of $4.42 and a two-hundred day simple moving average of $5.35. The stock has a market capitalization of $46.24 million, a PE ratio of -35.29 and a beta of -3.08. GraniteShares 2x Short NVDA Daily ETF has a 12 month low of $3.46 and a 12 month high of $10.78.

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.