GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) Shares Gap Down – What’s Next?

Shares of GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) gapped down prior to trading on Thursday. The stock had previously closed at $20.40, but opened at $15.04. GraniteShares 2x Long NVDA Daily ETF shares last traded at $17.1370, with a volume of 60,931,916 shares traded.

GraniteShares 2x Long NVDA Daily ETF Price Performance

The stock has a 50-day moving average of $33.20 and a 200-day moving average of $31.55.

Institutional Trading of GraniteShares 2x Long NVDA Daily ETF

A number of large investors have recently modified their holdings of NVDL. IFP Advisors Inc bought a new stake in GraniteShares 2x Long NVDA Daily ETF during the third quarter valued at approximately $26,000. Integrated Wealth Concepts LLC purchased a new stake in shares of GraniteShares 2x Long NVDA Daily ETF during the 2nd quarter valued at $43,000. CoreCap Advisors LLC raised its position in shares of GraniteShares 2x Long NVDA Daily ETF by 200.0% during the 2nd quarter. CoreCap Advisors LLC now owns 3,462 shares of the company’s stock valued at $103,000 after buying an additional 2,308 shares in the last quarter. Vilga Financial Planning LLC purchased a new stake in shares of GraniteShares 2x Long NVDA Daily ETF during the 3rd quarter valued at $220,000. Finally, Turner Financial Group Inc. bought a new stake in shares of GraniteShares 2x Long NVDA Daily ETF during the 2nd quarter worth $303,000.

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.