GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) Shares Gap Up to $68.58

GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $68.58, but opened at $70.38. GraniteShares 2x Long NVDA Daily ETF shares last traded at $70.02, with a volume of 2,834,729 shares.

GraniteShares 2x Long NVDA Daily ETF Trading Up 0.2 %

The business’s 50-day simple moving average is $65.63 and its 200 day simple moving average is $48.73.

Hedge Funds Weigh In On GraniteShares 2x Long NVDA Daily ETF

A number of hedge funds and other institutional investors have recently modified their holdings of NVDL. Headlands Technologies LLC lifted its holdings in GraniteShares 2x Long NVDA Daily ETF by 567.6% during the fourth quarter. Headlands Technologies LLC now owns 494 shares of the company’s stock worth $44,000 after buying an additional 420 shares during the period. Clarity Capital Partners LLC purchased a new stake in shares of GraniteShares 2x Long NVDA Daily ETF during the 4th quarter worth $1,648,000. NBC Securities Inc. bought a new stake in GraniteShares 2x Long NVDA Daily ETF during the first quarter valued at about $59,000. Banque Cantonale Vaudoise purchased a new position in GraniteShares 2x Long NVDA Daily ETF in the first quarter valued at about $201,000. Finally, Capital CS Group LLC raised its holdings in GraniteShares 2x Long NVDA Daily ETF by 519.0% in the first quarter. Capital CS Group LLC now owns 16,489 shares of the company’s stock worth $684,000 after purchasing an additional 13,825 shares in 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.