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

Shares of GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDLGet Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $64.83, but opened at $61.95. GraniteShares 2x Long NVDA Daily ETF shares last traded at $61.43, with a volume of 4,277,676 shares trading hands.

GraniteShares 2x Long NVDA Daily ETF Stock Down 2.4 %

The stock has a fifty day moving average price of $74.42 and a 200-day moving average price of $66.74.

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

A number of hedge funds have recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. purchased a new position in shares of GraniteShares 2x Long NVDA Daily ETF during the 3rd quarter worth approximately $296,000. Oriental Harbor Investment Fund purchased a new stake in shares of GraniteShares 2x Long NVDA Daily ETF during the 3rd quarter worth $27,892,000. World Investment Advisors LLC acquired a new position in shares of GraniteShares 2x Long NVDA Daily ETF during the 3rd quarter worth $291,000. Barclays PLC increased its holdings in shares of GraniteShares 2x Long NVDA Daily ETF by 50.4% in the 3rd quarter. Barclays PLC now owns 142,652 shares of the company’s stock valued at $8,301,000 after purchasing an additional 47,800 shares in the last quarter. Finally, Weaver Consulting Group lifted its stake in shares of GraniteShares 2x Long NVDA Daily ETF by 4.7% in the third quarter. Weaver Consulting Group now owns 4,472 shares of the company’s stock valued at $260,000 after purchasing an additional 200 shares during the period.

About GraniteShares 2x Long NVDA Daily ETF

(Get Free Report)

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.

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