GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) Shares Gap Down to $51.45

GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL)’s share price gapped down prior to trading on Friday . The stock had previously closed at $51.45, but opened at $45.52. GraniteShares 2x Long NVDA Daily ETF shares last traded at $46.63, with a volume of 7,320,479 shares.

GraniteShares 2x Long NVDA Daily ETF Stock Performance

The stock’s 50-day moving average is $67.97 and its 200-day moving average is $44.82.

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

Several hedge funds have recently made changes to their positions in NVDL. SeaCrest Wealth Management LLC bought a new position in GraniteShares 2x Long NVDA Daily ETF during the first quarter valued at about $695,000. NBC Securities Inc. acquired a new position in shares of GraniteShares 2x Long NVDA Daily ETF in the first quarter valued at $59,000. IMC Chicago LLC bought a new position in GraniteShares 2x Long NVDA Daily ETF in the first quarter worth $5,753,000. Cherry Tree Wealth Management LLC acquired a new stake in GraniteShares 2x Long NVDA Daily ETF during the first quarter worth $95,000. Finally, AlphaMark Advisors LLC increased its holdings in GraniteShares 2x Long NVDA Daily ETF by 799.6% in the 1st quarter. AlphaMark Advisors LLC now owns 6,000 shares of the company’s stock valued at $249,000 after buying an additional 5,333 shares during the period.

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.