GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) Trading Up 5.2%

GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL)’s share price shot up 5.2% during trading on Thursday . The company traded as high as $48.06 and last traded at $48.05. 7,433,402 shares were traded during mid-day trading, a decline of 57% from the average session volume of 17,417,750 shares. The stock had previously closed at $45.69.

GraniteShares 2x Long NVDA Daily ETF Price Performance

The company has a 50-day simple moving average of $61.14 and a two-hundred day simple moving average of $51.35.

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

A number of large investors have recently added to or reduced their stakes in the company. Private Ocean LLC bought a new position in GraniteShares 2x Long NVDA Daily ETF during the 2nd quarter valued at approximately $35,000. National Bank of Canada FI purchased a new position in shares of GraniteShares 2x Long NVDA Daily ETF during the second quarter valued at approximately $42,000. Gilliland Jeter Wealth Management LLC bought a new position in shares of GraniteShares 2x Long NVDA Daily ETF during the second quarter valued at approximately $72,000. Hollencrest Capital Management lifted its stake in GraniteShares 2x Long NVDA Daily ETF by 5,677.8% in the second quarter. Hollencrest Capital Management now owns 1,040 shares of the company’s stock worth $72,000 after acquiring an additional 1,022 shares during the period. Finally, NBC Securities Inc. bought a new stake in GraniteShares 2x Long NVDA Daily ETF in the first quarter valued at $59,000.

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.