IHT Wealth Management LLC bought a new position in shares of GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD – Free Report) in the third quarter, HoldingsChannel.com reports. The firm bought 690,000 shares of the company’s stock, valued at approximately $1,232,000. IHT Wealth Management LLC owned about 0.23% of GraniteShares 2x Short NVDA Daily ETF as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Scientech Research LLC bought a new stake in shares of GraniteShares 2x Short NVDA Daily ETF in the second quarter valued at approximately $178,000. Ground Swell Capital LLC raised its stake in GraniteShares 2x Short NVDA Daily ETF by 117.5% during the 2nd quarter. Ground Swell Capital LLC now owns 21,929 shares of the company’s stock valued at $48,000 after purchasing an additional 11,847 shares during the last quarter. Headlands Technologies LLC bought a new stake in GraniteShares 2x Short NVDA Daily ETF in the 2nd quarter valued at $33,000. Finally, Midland Wealth Advisors LLC acquired a new stake in GraniteShares 2x Short NVDA Daily ETF in the 2nd quarter worth $44,000.
GraniteShares 2x Short NVDA Daily ETF Stock Performance
NASDAQ:NVD opened at $28.53 on Friday. The firm’s 50-day moving average is $32.86 and its 200-day moving average is $48.43. GraniteShares 2x Short NVDA Daily ETF has a 52-week low of $25.74 and a 52-week high of $628.00. The company has a market cap of $84.45 million, a price-to-earnings ratio of -237.75 and a beta of -4.30.
GraniteShares 2x Short NVDA Daily ETF Profile
The GraniteShares 2x Short NVDA Daily ETF (NVD) is an exchange-traded fund that mostly invests in information technology equity. The fund provides 2x inverse leveraged exposure, less fees and expenses, to the daily price movement for shares of NVIDIA Corporation stock. NVD was launched on Aug 21, 2023 and is issued by GraniteShares.
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Want to see what other hedge funds are holding NVD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD – Free Report).
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