GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) Trading 4% Higher – What’s Next?

Shares of GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) rose 4% during mid-day trading on Monday . The company traded as high as $76.80 and last traded at $76.78. Approximately 3,798,002 shares were traded during mid-day trading, a decline of 79% from the average daily volume of 17,922,232 shares. The stock had previously closed at $73.86.

GraniteShares 2x Long NVDA Daily ETF Price Performance

The business has a 50-day moving average price of $59.97 and a 200-day moving average price of $56.70.

Institutional Investors Weigh In On GraniteShares 2x Long NVDA Daily ETF

A number of large investors have recently made changes to their positions in NVDL. Jane Street Group LLC purchased a new stake in shares of GraniteShares 2x Long NVDA Daily ETF in the first quarter valued at approximately $10,343,000. IMC Chicago LLC purchased a new stake in shares of GraniteShares 2x Long NVDA Daily ETF in the first quarter valued at approximately $5,753,000. Nisa Investment Advisors LLC purchased a new stake in shares of GraniteShares 2x Long NVDA Daily ETF in the second quarter valued at approximately $7,518,000. Brookstone Capital Management purchased a new stake in shares of GraniteShares 2x Long NVDA Daily ETF in the second quarter valued at approximately $1,502,000. Finally, SeaCrest Wealth Management LLC purchased a new stake in shares of GraniteShares 2x Long NVDA Daily ETF in the first quarter valued at approximately $695,000.

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.