GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) Shares Gap Up to $42.71

GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) shares gapped up before the market opened on Monday . The stock had previously closed at $42.71, but opened at $44.31. GraniteShares 2x Long NVDA Daily ETF shares last traded at $45.18, with a volume of 3,962,472 shares.

GraniteShares 2x Long NVDA Daily ETF Stock Up 2.9 %

The company’s fifty day simple moving average is $60.22 and its 200-day simple moving average is $52.03.

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

A number of institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC bought a new stake in GraniteShares 2x Long NVDA Daily ETF in the first quarter valued at $10,343,000. IMC Chicago LLC acquired a new stake in shares of GraniteShares 2x Long NVDA Daily ETF in the 1st quarter valued at $5,753,000. Nisa Investment Advisors LLC bought a new stake in shares of GraniteShares 2x Long NVDA Daily ETF in the 2nd quarter worth about $7,518,000. TRUE Private Wealth Advisors increased its position in shares of GraniteShares 2x Long NVDA Daily ETF by 551.9% during the 1st quarter. TRUE Private Wealth Advisors now owns 71,642 shares of the company’s stock worth $2,973,000 after purchasing an additional 60,653 shares in the last quarter. Finally, Brookstone Capital Management bought a new position in GraniteShares 2x Long NVDA Daily ETF during the 2nd quarter valued at about $1,502,000.

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.